Business news from Ukraine

AVERAGE RETAIL PRICES FOR PETROL AND DIESEL FUEL IN UKRAINE UP BY 22-30% OVER WEEK

24 May , 2022  

The average retail prices for gasoline and diesel fuel in Ukraine increased by 22-30% from May 16 to May 23, according to the data of the A-95 consulting group (Kyiv).
Thus, the average retail prices for A-92 gasoline increased by UAH 8.93/liter – up to UAH 48.78/liter, A-95 – by UAH 10.72/liter, up to UAH 50.84/liter, premium A-95 – by UAH 9.85/liter, up to UAH 51.51/liter.
In addition, retail prices for diesel fuel increased by UAH 13.24/liter, up to UAH 56.49/liter, for liquefied gas by UAH 4.14/liter, up to UAH 39.24/liter.
As reported, by resolution No. 594 of May 17, 2022, the Cabinet of Ministers suspended state regulation of fuel prices introduced a year ago in connection with quarantine, expecting that gasoline prices would not exceed UAH 52/liter, diesel fuel – UAH 58/liter.
The decision to cancel the maximum margin for gas stations was made so that market operators could saturate the Ukrainian oil market with the necessary resources in the face of their shortage after reorienting to supplies from the western border and Kremenchuk oil refinery bombed by Russia.
At the same time, the State Service on Food Safety and Consumer Protection announced the start of inspections of gas stations based on consumer complaints about inflated prices, refusal to accept payments with cards and the absence of settlement documents.

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