Naftogaz Sees Radical Increase in Gas Price for Ukrainian Homes

Ukrainians should brace themselves for a “radical increase” in the price of gas because that’s supported by all the parties negotiating a government coalition treaty, state gas company NAK Naftogaz Ukrainy said.

While the price of natural gas used by households for cooking and heating water rose by 50 percent on May 1, the decline in the hryvnia means they have fallen in dollar terms and remain “ridiculously low,” said Yuriy Vitrenko, director of international business at Naftogaz.