Ukraine to raise household gas prices to market level from 2020
The Ukrainian government plans to raise household gas prices from January 1, 2020 to match what state energy company Naftogaz charges the country's industrial companies, the government says.
Gas tariffs are heavily subsidized in Ukraine, which has committed to raise them gradually to qualify for more financial assistance from the International Monetary Fund. It had already announced on November 1 that they would go up by nearly a quarter.
That announcement secured a new $3.9 billion standby aid deal from the IMF, helping the country maintain financial stability and the trust of investors as it heads into a national election next year.
(Source: Reuters)
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