The National Joint Stock Company Naftogaz of Ukraine stands for raising prices for gas for population fourfold this year, press service of the national joint stock company informed.

 “Now there is difference (fourfold - Ed.) between the acting prices for population and market prices. It would be advisable to raise it. But we must take a final decision,” the press service noted, according to RBC-Ukraine.

They added that in case of raising prices insolvent strata of population would receive compensation subsidies.

“Naturally, this rise will be accompanied with relevant subsidies. Now, both rich and poor families have a right for compensation. But it would be fair if only poor families could receive compensation for rising of prices,” the company said.

Earlier, Energy and Coal Industry Minister Yuriy Prodan stood for the establishment of the market price for gas for population. By calculation of the Ministry, this will enable saving about 1.5-2 billion cu m of gas over the winter heating season. In total, according to Prodan, population consumes about 12 billion cu m of gas over the heating season.

On June 16, Gazprom cut off gas supplies to Ukraine and said that in future, Kyiv would have to pay in advance for any new supplies of Russian gas.