diff --git a/providers/gcp/redis/instances.go b/providers/gcp/redis/instances.go
index 3af7c20d8..65b115c28 100644
--- a/providers/gcp/redis/instances.go
+++ b/providers/gcp/redis/instances.go
@@ -2,6 +2,7 @@ package redis
 
 import (
 	"context"
+
 	"fmt"
 	"regexp"
 	"time"
@@ -18,7 +19,14 @@ import (
 	"github.com/tailwarden/komiser/utils"
 )
 
+
+
 func Instances(ctx context.Context, client providers.ProviderClient) ([]models.Resource, error) {
+	pricing, err := FetchPricing()
+	if err != nil {
+		return nil, err
+	}
+
 	resources := make([]models.Resource, 0)
 
 	regions, err := utils.FetchGCPRegionsInRealtime(client.GCPClient.Credentials.ProjectID, option.WithCredentials(client.GCPClient.Credentials))
@@ -57,6 +65,8 @@ RegionsLoop:
 			re := regexp.MustCompile(`instances\/(.+)$`)
 			redisInstanceName := re.FindStringSubmatch(redis.Name)[1]
 
+			cost := calculateRedisCost(redis, pricing)
+
 			resources = append(resources, models.Resource{
 				Provider:   "GCP",
 				Account:    client.Name,
@@ -65,7 +75,7 @@ RegionsLoop:
 				Name:       redis.DisplayName,
 				Region:     regionName,
 				CreatedAt:  redis.CreateTime.AsTime(),
-				Cost:       0,
+				Cost:       cost,
 				FetchedAt:  time.Now(),
 				Link:       fmt.Sprintf("https://console.cloud.google.com/memorystore/redis/locations/%s/instances/%s/details/overview?project=%s", regionName, redisInstanceName, client.GCPClient.Credentials.ProjectID),
 			})
diff --git a/providers/gcp/redis/pricing.go b/providers/gcp/redis/pricing.go
new file mode 100644
index 000000000..8d8cd99c4
--- /dev/null
+++ b/providers/gcp/redis/pricing.go
@@ -0,0 +1,112 @@
+package redis
+
+import (
+	"encoding/json"
+	"fmt"
+	"math"
+	"net/http"
+	"time"
+
+	"cloud.google.com/go/redis/apiv1/redispb"
+)
+
+const (
+	M1GbLimit = 4
+	M2GbLimit = 10
+	M3GbLimit = 35
+	M4GbLimit = 100
+)
+
+type RedisPrice []struct {
+	Val      int     `json:"val"`
+	Currency string  `json:"currnecy"`
+	Nanos    float64 `json:"nanos"`
+}
+
+type RegionBasedPricing struct {
+	Regions map[string]struct {
+		Price RedisPrice `json:"price"`
+	} `json:"regions"`
+}
+
+type GcpDatabasePricing struct {
+	Gcp struct {
+		Databases struct {
+			CloudMemorystore struct {
+				Redis struct {
+					Basic    map[string]RegionBasedPricing `json:"basic"`
+					Standard map[string]RegionBasedPricing `json:"standard"`
+				} `json:"redis"`
+			} `json:"cloud_memorystore"`
+		} `json:"databases"`
+	} `json:"gcp"`
+}
+
+func FetchPricing() (*GcpDatabasePricing, error) {
+	res, err := http.Get("https://www.gstatic.com/cloud-site-ux/pricing/data/gcp-databases.json")
+	if err != nil {
+		return nil, err
+	}
+
+	var pricing GcpDatabasePricing
+	err = json.NewDecoder(res.Body).Decode(&pricing)
+	if err != nil {
+		return nil, err
+	}
+
+	return &pricing, nil
+}
+
+func calculateRedisCost(redis *redispb.Instance, pricing *GcpDatabasePricing) float64 {
+	var priceMap map[string]RegionBasedPricing
+	var priceKey string
+
+	prices := []int32{M1GbLimit, M2GbLimit, M3GbLimit, M4GbLimit}
+	capacityTier := getCapacityTier(redis.MemorySizeGb, prices)
+
+	if redis.Tier == redispb.Instance_BASIC {
+		priceMap = pricing.Gcp.Databases.CloudMemorystore.Redis.Basic
+		priceKey = fmt.Sprintf("Rediscapacitybasicm%ddefault", capacityTier)
+	} else if redis.Tier == redispb.Instance_STANDARD_HA {
+		priceMap = pricing.Gcp.Databases.CloudMemorystore.Redis.Standard
+		if redis.ReadReplicasMode == redispb.Instance_READ_REPLICAS_DISABLED {
+			priceKey = fmt.Sprintf("Rediscapacitystandardm%ddefault", capacityTier)
+		} else {
+			priceKey = fmt.Sprintf("Rediscapacitystandardnodem%d", capacityTier)
+		}
+	}
+
+	pricePerHrPerGbInNanos := priceMap[priceKey].Regions[redis.LocationId].Price[0].Nanos
+	pricePerHrPerGbInDollars := pricePerHrPerGbInNanos / math.Pow(10, 9)
+
+	now := time.Now().UTC()
+	startTime := getStartTime(redis.GetCreateTime().AsTime(), now)
+
+	hours := now.Sub(startTime).Hours()
+
+	cost := hours * pricePerHrPerGbInDollars
+
+	if redis.ReadReplicasMode == redispb.Instance_READ_REPLICAS_ENABLED {
+		cost *= float64(redis.ReplicaCount)
+	}
+
+	return cost
+}
+
+func getStartTime(createTime, now time.Time) time.Time {
+	firstOfCurrentMonth := time.Date(now.Year(), now.Month(), 1, 0, 0, 0, 0, time.UTC)
+	if createTime.After(firstOfCurrentMonth) {
+		return createTime
+	}
+	return firstOfCurrentMonth
+}
+
+func getCapacityTier(memorySizeGb int32, prices []int32) int {
+	capacityTier := 5
+	for idx, price := range prices {
+		if memorySizeGb <= price {
+			capacityTier = idx + 1
+		}
+	}
+	return capacityTier
+}