Ukraine to Raise Natural Gas Prices for Households by 30 Percent
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Ukraine’s government will raise the price of natural gas for households by 30 percent this year as the country seeks to qualify for an International Monetary Fund bailout loan, Prime Minister Mykola Azarov said.
The increase will help cut the budget deficit of state-run energy company NAK Naftogaz Ukrainy to 8.5 billion hryvnia ($1.07 billion), Azarov said yesterday in remarks broadcast by private TV channel Inter. Naftogaz’s budget will be balanced next year, Azarov said.