National oil and gas holding company Naftogaz of Ukraine is increasing the minimum price of natural gas for industrial consumers from October 1, 2016 by 5.1%, as compared to September 2016, to UAH 6,343.2 ($245) per 1,000 cubic meters from UAH 6,036 ($233) per 1,000 cubic meters.
At the same time, the maximum price of natural gas for industrial consumers from October 1 will be increased by 5% to UAH 7,099.2 ($275) per 1,000 cubic meters as compared to UAH 6,762 ($262) per 1,000 cubic meters a month earlier, the company reported on its website.
Prices will range depending on the volume of purchases, payment terms and the history of previous settlements, the company notes.
It is reported that consumers who have no debt to Naftogaz or buy no less than 50 million cubic meters of gas per month will be charged the minimum price. All prices include value-added tax and are subject to transportation tariffs via main and distribution pipelines.
As UNIAN reported earlier, the law on the natural gas market came into force in Ukraine on October 1, 2015, which stripped the National Commission on regulation in the energy sector of the right to establish natural gas prices for industrial consumers.
In August 2016, NJSC Naftogaz of Ukraine raised the minimum price of natural gas for industrial consumers by 9.3%, as compared to July 2016, to UAH 6,555.6 ($254) per 1,000 cubic meters, while the maximum price grew by 8.6%, to UAH 7,304.4 ($283) per 1,000 cubic meters.