Naftogaz to lower gas prices for industrial consumers by 7% in March

“Natural gas prices offered by us to industrial consumers will lower by 7% in March compared to February 2017. It corresponds to a decrease on the European market,” the report states. According to Naftogaz of Ukraine, natural gas prices for industrial consumers are formed by several factors, such as natural gas prices on European stock exchanges, EUR/USD and UAH/USD exchange rates and offers from commercial suppliers. Naftogaz of Ukraine also reminded that natural gas prices for household consumers had been set at a lower rate as a result of special obligations imposed on Naftogaz of Ukraine NJSC and other market participants by the Cabinet of Ministers of Ukraine.