Ukraine must raise gas prices to market levels in order to qualify for more aid under a $17.5 billion IMF program. Photo from UNIAN Ukraine, which wants to resume cooperation with the International Monetary Fund (IMF), may need to increase household gas prices, Prime Minister Volodymyr Groysman was quoted as saying on Thursday. Earlier this month the government extended a freeze on gas prices until at least September 1, reducing its prospects of securing more money from the IMF which is needed to keep its war-battered economy on a stable footing, Reuters said. "You know that there are obligations that (our) gas prices will rise in conditions of rising global gas prices. I have been restraining this situation for a year. However, now there is a question of another increase," he said. "This requirement arose because we need to work with external borrowings," he added. Read also PM Groysman: Further cooperation with IMF to let Ukraine avoid default Ukraine must raise gas … [Read more...] about Ukraine PM signals possibility of gas price rises – media
Gas price rises
Gas prices rise to levels not seen in more than 3 years
SECAUCUS, N.J. -- You may have noticed, gas prices are on the rise and hitting levels not seen in more than three years. Gas prices nationwide are up a nickel in just the last week. That's 20 cents in the last month, according to AAA. Drivers fueling up in New Jersey are paying just under $3 for a gallon of regular unleaded. "It was $54.16 for 18 gallons, and I just paid $40 for 13 gallons," Damian Woo told CBS News. In California and Hawaii, gas prices are approaching $3.70 a gallon, nearly a dollar higher than the national average. "There are 10 states that are at $3 a gallon or above," AAA's Robert Sinclair said "We're seeing extremely high demand for gasoline," Sinclair said. "With the economy moving along as strongly as it is, there's a lot more work, and with work, comes a lot more transportation." Sinclair says the steady climb is also due to a diminishing supply of crude oil. "The price of gasoline is going up and we're now at what is considered the pain point for … [Read more...] about Gas prices rise to levels not seen in more than 3 years
British Gas price rises – who owns the company and by how much will my fuel bills increase?
MILLIONS of British Gas customers are going be paying an average of £60 more a year on fuel. The energy giant said it was "reluctantly" announcing a price increase of an average 5.5 per cent for a typical 'dual fuel' customer. Who owns energy giant British Gas? British Gas is the UK’s largest domestic energy supplier with millions of customers throughout the UK. However, it is actually a subsidiary of Centrica, formed following the demerger of British Gas plc in 1997. Centrica is a British-owned utility company with a headquarters based in Windsor, Berkshire. Its main activity is the supply of electricity and gas to businesses and consumers in the UK, Ireland and the US. British Gas is the oldest energy company in the UK. It was founded in 1812 as the Gas Light and Coke Company. It changed its name to British Gas in 1973 following a restructure after the Gas Act of 1972. In 2017, it was reported Centrica raked in a £1.4billion profit bonanza. How to save … [Read more...] about British Gas price rises – who owns the company and by how much will my fuel bills increase?
British Gas price rise plans blamed on Government
Energy giant British Gas has blamed a price rise of £60 a year for millions of its customers on "increased wholesale gas and electricity costs" and the price of new Conservative policies. More than four million people are set to see their bills rise by 5.5%. British Gas’s standard variable tariff bill will rise to £1,161 a year for a typical dual fuel customer, the company’s owner, Centrica, said. It blamed initiatives such as the smart meter roll-out and schemes to reduce carbon emissions, and argued that the funding of “all Government policy costs should be paid for in a fairer way such as through general taxation”. British Gas announced plans in November to scrap SVTs for new customers ahead of Government plans to impose a price cap on costly energy products, which Centrica warned could have “unintended consequences” for the market. British Gas said its SVT “default tariff” was withdrawn for new customers last month and all … [Read more...] about British Gas price rise plans blamed on Government
Government blamed for British Gas price rise plans
British Gas has blamed a price rise of £60 a year for millions of its customers on increased wholesale gas and electricity costs and the price of new Conservative policies. Around 4.1 million people are set to see their bills rise by 5.5%. The bill for British Gas’s standard variable tariff will rise to £1,161 a year for a typical dual fuel customer, the company’s owner, Centrica, said. It blamed initiatives such as the smart meter roll-out and schemes to reduce carbon emissions, and argued that the funding of “all Government policy costs should be paid for in a fairer way such as through general taxation”. British Gas announced plans in November to scrap SVTs for new customers ahead of Government plans to impose a price cap on costly energy products, which Centrica warned could have “unintended consequences” for the market. British Gas said its SVT “default tariff” was withdrawn for new customers last month and all existing … [Read more...] about Government blamed for British Gas price rise plans