Yatseniuk orders energy bodies to justify gas rates to Ukrainians

15:51, 15 April 2015
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Ukrainian Prime Minister Arseniy Yatseniuk has instructed the National Energy Commission, Naftogaz Ukrainy and the Ministry of Energy and the Coal Industry to explain to the public the reasons for the increases in their gas bills.

REUTERS

Yatseniuk said during a government meeting on Wednesday that the reasons previously given for the significant increases in utility tariffs had raised doubts in the minds of many people.

As UNIAN reported earlier, the national commission, which is responsible for carrying out regulation in the energy and utilities sectors, increased the minimum gas rate for the population from April 1 as stipulated in the memorandum with the country’s key creditor, the International Monetary Fund. Gas rates were put up by 3.3 times - to UAH 3,600 per thousand cubic meters.

The increase in gas rates for all categories of consumers was 285% on average.

On April 1, Ukrainian state-run energy company Naftogaz Ukrainy and Russian gas giant Gazprom signed a three-month contract for the supply of Russian gas to Ukraine at a price of $248 per thousand cubic meters. According to Energy Minister Volodymyr Demchyshyn, the current price of European gas for Ukraine is about $270-280 per thousand cubic meters.

The minister said that Ukraine would continue purchasing gas on the European markets, despite the drop in the price of Russian fuel.

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