Gas is no longer becoming more expensive: how much does a thousand cubic meters of “blue fuel” cost in Ukraine now?

The Ministry of Economy announced the real sales price of natural gas in Ukraine based on November results on December 7, 2023. Thus, the cost became 14,381 hryvnia per 1 thousand cubic meters, excluding VAT; This is down 5% from October.

Important

In other words, the cost of “blue fuel” started to decline after a long increase in a long period of five months. In general, the price of natural gas in Ukraine last year fell by half. As of March 2022, the cost of the resource has changed as follows:

• The cost of one thousand cubic meters of natural gas in March was 29,391 hryvnia;
• In April, gas prices rose to 35,933 hryvnia per thousand cubic meters;
• In May, the price dropped to 31,175 hryvnia per thousand cubic meters;
• The actual sales price of natural gas in June increased to 32,194 hryvnia per thousand cubic meters;
• In July, the price was set at 31,992 hryvnia per thousand cubic meters;
• The cost of the Ukrainian resource in August fell to 24,045 hryvnia per thousand cubic meters;
• in September the price was 39,952 hryvnia per thousand cubic meters;
• and in October – 38,295 hryvnia per thousand cubic meters;
• In November, the cost decreased by almost 10 thousand hryvnia to 28,855.75 per thousand cubic meters;
• The cost of gas in December was 26,199.24 hryvnia per thousand cubic meters;
• In January 2023 – 23,723.43 hryvnia per thousand cubic meters;
• In February 2023 – 20,727.73 hryvnia per thousand cubic meters;
• In March 2023 – 18,681 hryvnia per thousand cubic meters;
• In April 2023 – 14,382.34 hryvnia per thousand cubic meters;
• In May 2023 – 11,164 hryvnia per thousand cubic meters;

A gradual increase in prices has been observed in the gas market since June this year. For example:

• the price of gas in June was at 10,743 hryvnia per thousand cubic meters;
• In July, gas prices rose to 10,833 hryvnia per thousand cubic meters;
• in August – 12,500 hryvnia per thousand cubic meters;
• In September – 14,850 hryvnia per thousand cubic meters.
• In October – 15,196 hryvnia per thousand cubic meters.

Meanwhile, the head of Ukraine’s NJSC Naftogaz, Alexey Chernyshov, said in an interview with RBC-Ukraine on December 6 that Ukraine will begin to gradually abandon special duties (PSO) on gas suppliers to consumers starting from 2024. Let us remind you that heat producers for home consumers within the framework of PSO must pay UAH 7,420 (including VAT) per thousand cubic meters for gas, as in 2022. Thanks to this situation, heat tariffs for Ukrainians remained at last year’s level.

Important

“My personal opinion is that a phased or gradual cancellation of the PSO is possible as early as 2024. This will not affect the consumption of sensitive categories of consumers; these need to be protected. But the cancellation must be synchronized with appropriate support for those who need it,” he noted. Chernyshov.

Let’s remember before Focus Already in December he wrote that Ukrainian households will pay more for electricity. This is because many people use electric heating devices or air conditioners in the winter.