USD 64.1213

+0.29

EUR 70.604

-0.07

BRENT

-64.03

AI-92 42.4

+0.01

AI-95 46.11

0

AI-98 51.89

-0.01

Diesel 46.15

0

194

Ukrainian Naftogaz to cut gas prices for industry by almost 8% from June 1

Ukrainian Naftogaz to cut gas prices for industry by almost 8% from June 1 Ukrainian Naftogaz to cut gas prices for industry by almost 8% from June 1


Kiev, May 27 - Neftegaz.RU. According to UNIAN, Naftogaz of Ukraine will cut the minimum prices of natural gas for industrial consumers from June 1, 2019, by 7.9%, from UAH 7,558 ($287) per 1,000 cu m in May 2019 to UAH 6,963.6 ($264).

At the same time, the maximum prices of natural gas for industrial consumers will be cut by 7.6% on June 1, from UAH 8,337 ($317) per 1,000 cu m to UAH 7,707.6 ($293), the company said in a statement.

Naftogaz quotations are differentiated depending on the volume of purchase and payment terms, the company said. If a buyer has no debts before Naftogaz or intends to buy at least 50 million cu m of gas per month, the minimum price is applicable.

In other cases, buyers are to pay a higher price. As UNIAN reported, given the decline in gas prices on the European market, the Ukrainian government and the Naftogaz had agreed to cut regulated gas price for households and heat producers to market level in May, from UAH 8,550 (US$325) per 1,000 cu m to UAH 8,247 ($313).

Naftogaz of Ukraine is the largest state-run vertically integrated oil and gas holding whose subsidiaries account for about 90% of oil and gas production in Ukraine.