Ukraine agrees to 50% gas price hike

Ukraine's interim government says it will raise gas prices for domestic consumers by 50% in an effort to secure an International Monetary Fund (IMF) aid package. An official at Ukraine's Naftogaz state energy company said the price rise would take effect on 1 May, and further rises would be scheduled until 2018. Ukrainians are accustomed to buying gas at heavily subsidised rates.
Background:
Ukraine agrees to 50% gas price hike amid IMF talks [BBC]
Ukraine to hike domestic gas prices by 50% [Reuters]