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The price of gas to increase by 5-8 pc from July 1

Natural gas prices up by 5.85pc as of August 1, the third price increase this year

The natural gas prices will increase by another 5.85% as of August 1, according to a decision by the National Authority for Energy Regulation (ANRE). The price of gas has already been increased twice this year.

In Romania, the gas price for household consumers is still regulated. In other words, the supplier buys the gas from the manufacturer or the importer as much as possible, but sells it to the household consumer only for the price approved by ANRE.

Until this moment, in 2018, ANRE has already approved three price increases for gas for the household consumers, ziare.com reports.

ANRE approved an 8.3% price increase from January 10, 2018 and then a 10% increase from April 1 for the ENGIE customers, about half of the household consumers in Romania.

On July 18, the very day when Finance Minister Eugen Teodorovici announced the intention to cap the gas prices from domestic production, ANRE informed that the gas price for household consumers would increase, on average, by 5.83%, as of August 1, 2018.

 

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