12:01 18.06.2019

PM: Naftogaz cuts gas price for households under govt request

2 min read

Ukrainian Prime Minister Volodymyr Groysman has said that NJSC Naftogaz Ukrainy cut the gas price for households in June under the request of the government.

"Naftogaz Ukrainy fulfilled the government's demand and lowered the gas price for households in June. I have always been on the side of people and will control that they do not pay too high tariffs in the future," Groysman wrote on his Facebook page on Friday, June 14.

Earlier on June 14, Naftogaz Ukrainy reported that the company calculated the new price of natural gas for the needs of households for June, setting it at UAH 5,553.89 per 1,000 cubic meters (VAT, delivery costs and supplier markup are not included). This price is 11.8% or UAH 746 lower than the price for June announced earlier (UAH 6,299 per 1,000 cubic meters).

"The new mechanism shows the advantages of a competitive market. The price changes in parallel with market parity and thanks to this, the consumer receives fair conditions. We hope that the government will soon also agree with our proposal to completely cancel price regulation, which in addition to transparent pricing, will allow the end consumer choose a gas supplier," the company's press service said, citing Chairman of Executive Board of Naftogaz Ukrainy Andriy Kobolev.

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