The Cabinet has made raising the gas prices for the population in the spring

В Кабмине допустили повышение цены на газ для населения весной

The Ministry of social policy of Ukraine stated that the increase in gas prices is possible, but it depends on many factors.

This was reported by Minister of social policy Andrei Reva in the program “Verdict” on channel Еспресо.TV.

“In fact, for the formation of gas prices there is a resolution of the Cabinet of Ministers and this regulation lowers the price in accordance with the calculation formula. From 1 November 2018 is 60% of the total price, which is according to the formula, this formula provides 1 may increase up to 80% of the total price of gas,” he said.

On the questions about whether this means raising prices by 20%, he said, “This is the case if this formula will continue. How the situation will develop, I’m not ready to comment, but all this will depend on many factors.”

As previously reported in the GFS, in November 2018, the average price of imported gas was 9471,92 hryvnia, or 339,21 dollar per thousand cubic meters.

We will remind, on October 19, the Cabinet raised the gas price for the population by 23.5% from 1 November 8550 UAH per thousand cubic meters.

On 18 December the IMF Executive Board approved a new 14-month a loan program Stand-by arrangement (SBA) for Ukraine amounting to $3.9 billion was taken the decision on early termination of eff EFF for Ukraine.