Monday, August 29, 2011

Romania Natural Gas Prices to Rise 10% in October

Romanian prices of natural gas for industrial consumers such as chemical and steel plants will rise 10 percent in October, Mediafaxreported, citing unidentified government officials.

Prices of the commodity will probably rise for the second time this year after a 10 percent increase in July, according to the news service. The Romanian government approved in June a measure to keep natural gas prices for households unchanged from July until March next year, and to raise tariffs for industrial consumers by 30 percent.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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