You're reading: Naftogaz to cut gas prices for industrial consumers from Jan. 1, 2016

Naftogaz Ukrainy from January 1, 2016 will reduce gas prices for industrial consumers and budget-funded institutions by Hr 65 - Hr 76 per 1,000 cubic meters, the Naftogaz press service reported.

“Depending on the payment terms, the volume of purchases and the status of payments to Naftogaz Ukrainy, the price of gas for these customers will vary from Hr 5,780 to Hr 6,398 per 1,000 cubic meters (excluding VAT and transportation costs),” the company said.

As reported, Naftogaz brings together the largest oil and gas companies of the country. The holding is a monopolist in transit and storage of natural gas in underground gas storage facilities, as well as oil transportation by pipelines across the country.