Ukraine to Raise Minimum Natural-Gas Price for Households
March 03 2015 - 5:51PM
Dow Jones News
KIEV, Ukraine--Ukraine's energy regulator will raise its minimum
price for natural-gas for households "around threefold," an
official at the regulator said Tuesday, a key overhaul demanded by
the International Monetary Fund in return for a new lending
program.
The price rise will come into effect on April 1, said the
official from the National Commission for Regulation of the Energy
and Communal Services. Ukraine is hurrying to complete overhauls
demanded by the IMF to seal a $17.5-billion loan deal that it needs
to avert financial collapse.
Ukrainian governments have for years dragged their feet over
raising heavily subsidized household gas prices, saying the move
would place too heavy a burden on citizens.
Write to Nick Shchetko at realtimedesklondon@dowjones.com
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