You're reading: National Commission for Energy, Housing and Utilities Services Regulation raises gas price ceiling for industrial consumers by 56 percent

The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has raised the gas price ceiling for industrial consumers and budgetary institutions by 56 percent, from Hr 5,700 to Hr 8,900 per 1,000 cubic meters (excluding VAT, tariffs for transportation, distribution and supply).

According to an Interfax-Ukraine correspondent, the regulator made the decision at a meeting in Kyiv on Feb. 26.

According to the NCER, Naftogaz Ukrainy filed its calculations with the commission according to which the ceiling price of gas should be Hr 11,100 per 1,000 cubic meters (excluding VAT, tariffs for transportation, distribution and supply).

However, the commission took measures to minimize the price, and some Naftogaz costs were restructured for a few months.