Naftogaz Ukrainy will cut gas price for industrial consumers for July by 3%

Naftogaz Ukrainy from July 1, 2017 will reduce the price of gas for industrial consumers (prepayment basis) by 3% (by UAH 222), to UAH 7,208 per 1,000 cubic meters (including VAT).

According to a company press release, this price is relevant for consumers purchasing gas in the amount of more than 50,000 cubic meters per month and if they have no debts to Naftogaz.

The price for other buyers next month will decrease by 2.9% (by UAH 241.20), to UAH 8,009 per 1,000 cubic meters (including VAT).

As reported, in January 2017 the price of gas for industrial consumers (on prepayment basis and without debts to Naftogaz) was set at the level of UAH 7,552, in February at UAH 9,215, in March at UAH 8,554, in April at UAH 7,675, in May at UAH 7,457 and in June at UAH 7,430.

From October 1, 2015, the regulation of gas prices for all categories of consumers, apart from households and companies supplying heat to households, was annulled. Naftogaz now supplies gas to industrial consumers, budget-funded organizations and other economic entities as the market dictates.

Naftogaz Ukrainy unites oil and gas production assets in Ukraine, and is the country's gas transit, underground gas storage, and oil pipeline transportation monopoly.