“Considering the current gas prices and our forecast for this summer, price deregulation for industrial consumers could be completed earlier,” Niculae Havrilet told Mediafax.

Havrilet said gas prices have been declining over the last year.

Under a multi-billion euro deal with the IMF and the European Union, Romania has agreed to deregulate gas and electricity prices and align them to European levels.

The deregulation scheme is implemented separately for household and industrial consumers. The latter will have to pay similar prices for both the natural gas produced domestically and for import gas. Currently, industrial consumers pay by 40% less for domestic gas.