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IMF demands to raise gas prices by 40% – media

МВФ требует повысить цены на газ еще на 40% - СМИ

Ukraine will be obliged twice to raise the price of gas in spring and in autumn next year, the media write.

Gas price for population in Ukraine should rise another 40%, just as it compares with the market as it was approved during the negotiations of the Cabinet with the International monetary Fund. On Wednesday, October 24, writes ekonomichna Pravda, citing sources familiar with the position of the IMF.

It is noted that the market price is calculated on the basis of import parity – the average price of imported gas for a certain period. This component in the structure of gas prices for consumers is the greatest. It includes the projected price of the German gas trading platform (hub NCG), as well as the cost of transporting gas from the NCG to the Western border of Ukraine, through Germany, the Czech Republic and Slovakia.

Earlier it was planned to raise tariffs at a time, but now the price increase is distributed on several stages spread over one year. It is reported that another price increase should occur in the spring of 2019 – then prices will increase by 15% in the fall of 2019.

What will be the step of improvement also depend on the situation on world commodity markets.

As reported, from November 1, the price of gas for the population will grow by 23.5%. In the Cabinet the need for this was explained by the threat of default due to the failure to sign the agreement with foreign creditors.

Today, Prime Minister Vladimir Groisman said that before the end of the heating season, the price of gas will not increase, he said nothing about the future cost of gas.

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