Russian authorities raise gas and electricity prices

Water and heat supply will also become more expensive. It is already the second tariff increase in the current year. The government usually raises prices in July.

Ancillary costs are up four percent this year. However, at the beginning of autumn, the Ministry of Economy announced that tariffs would be raised again in December due to the need for repair of gas and heating pipes. The aim is to pass the costs on to the consumers.

Russian citizens have been struggling with double-digit inflation since the beginning of the war. While the ruble has since become more expensive against key currencies, especially the euro and the dollar, technical equipment and other imported goods have become more expensive.

After the decrease in raw material exports, the hope expressed by some economists that gas would become cheaper in the domestic market did not materialize. According to surveys, 43 percent of the population will not be paid until the end of the month.

(SDA)

Source :Blick

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Tim

Tim

I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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