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Ukraine raises gas price for households

The price of gas for households has increased by 23.5% as of 1 November.

The decision to this effect was approved by the Cabinet of Ministers.

The new price, including shipping cost and VAT, is 8,550 hryvnyas per 1,000 cu.m. for households and 8,360 hryvnyas for district heating companies, according to the corporate communications department of the national oil and gas company Naftogaz Ukrayiny.

"The new gas price is formed in line with the resolution of the Cabinet of Ministers of Ukraine dated 19 October 2018, No.867, which approves a new provision on imposing special duties on natural gas market participants to ensure public interest in the process of functioning of the natural gas market,” reads the report.

Heating bills will increase a month after the gas price rise.

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