Belarus has the right for a reduction of the Russian gas price due to lower global oil prices, the country's President Alexander Lukashenko said.
“Gas is tied to oil. When oil stood at $120, everything was good. We paid huge money for oil. Correspondingly gas was tied to this oil. And its price was high. And we paid this price. Oil fell to $40, now it is $51 and, therefore the price for natural gas also decreased,” PRIME cited Lukashenko as saying.
The fair price for gas is $83 per 1,000 cubic meters, but Russia refuses to cut it saying that the price of $132, which Belarus currently pays, is already the lowest, he said. In 2016, Belarus paid $107 per 1,000 cubic meters of Russian gas instead of $132, he added.
