KIEV, Oct. 21 - Naftogaz Ukrayiny, the national energy company, said Friday it will hike by 16% prices of natural gas for industrial consumers starting November 1.

Large industrial consumers using more than 50,000 cubic meters/month will have to pay 7,380 hryvnias/1,000 cubic meters from November 1, up from 6,344 hryvnias/1,000 cu m in October, Naftogaz said.

Industrial consumers using less than 50,000 cu m/month will see their prices go up 15% to 8,182 hryvnias/1,000 cu m, Naftogaz said.