Gazprom hikes gas price for Ukraine to ${esc.dollar}485 per 1,000 cubic metres

by Reuters
Thursday, 3 April 2014 12:23 GMT

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MOSCOW, April 3 (Reuters) - The head of Russia's top natural gas producer, Gazprom, said on Thursday it would further increase the gas price for Ukraine to $485 per 1,000 cubic metres from April, after introducing an export duty.

Gazprom Chief Executive Alexei Miller said the price would increase during a meeting with Prime Minister Dmitry Medvedev, who urged Ukraine to pay off its gas debts.

The increase came just two days after Gazprom announced a 44 percent hike in the gas price for Ukraine starting from April 1 to $385.5 per 1,000 cubic metres due to the unpaid bills. (Reporting by Svetlana Burmistrova; writing by Vladimir Soldatkin, editing by Elizabeth Piper)