Increase in natural gas prices in Ukraine
The cost of natural gas for industrial consumers and on the Ukrainian energy exchange has risen by 20%, reaching 27,800 UAH per thousand cubic meters including VAT. This is the highest level in the Ukrainian market since June 2025. At the same time, the price of gas for the population remains fixed at 7,250 UAH per thousand cubic meters of domestic production.
The main factor behind the price surge is the global shortage of energy resources caused by the blockade of supplies in the Middle East and rising demand in Europe. In particular, the increase is due to the war in the Middle East. Observers note that some of the largest suppliers, such as Qatar, have halted production due to Iranian strikes.
Reasons for the price increase
One reason for the reduction in supply volume is that most private extraction companies had already sold their resources for March back in February. At the same time, the strikes by the USA and Israel on Iran caused a sharp increase in energy prices and heightened the risk of a global economic crisis. According to Bloomberg's estimates, if the Strait remains closed for a long time, oil prices could rise by approximately 80% from pre-war levels, and the cost of a barrel could reach around $108 and remain at a high level until the end of the year.
The increase in natural gas prices in Ukraine reflects a global trend related to the reduction of energy supplies due to geopolitical conflicts. This may affect the cost of goods and services, as energy expenses are a significant part of production costs. Consumers may face increased prices for utilities, as well as for other goods dependent on energy resources. At the same time, the fixed price for gas for the population may create additional pressure on the state budget and government obligations in case of further price increases in the market.