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Tuesday, 07 July 2020

Ukraine government sets price cap for heating tariffs

Reuters , Wednesday 26 Jun 2019
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Ukraine's government set a price cap on Wednesday for heating tariffs, according to comments made in a televised cabinet meeting, after the International Monetary Fund urged Kiev to set prices at market levels.

There was no immediate confirmation of the price cap level, but earlier in the cabinet session the justice minister suggested a price of 1,400 hryvnia ($53.51) per gigacalorie. The average price stood at 1,535.8 hryvnia as of April.

The IMF wants Ukraine to bring household heating tariffs up to market levels as part of a $3.9 billion aid programme. The finance minister opposed the cap during the televised meeting, saying it went against Ukraine's international obligations.

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