The current price of gasoline at 52-55 UAH/liter and diesel fuel at 58-60 UAH/liter is the equilibrium point for the market, but with the gradual arrival of new volumes of oil products, the price for them will decrease, the director of the A-95 consulting group believes Sergey Kuyun.
“With prices of UAH 52-55/liter for gasoline and UAH 58-60/liter for diesel fuel, as I see it, the market feels normal, queues are decreasing. To some extent, the market has found a balance point, and then it will begin to fill with new batches, and this should lead to lower prices,” he said at a briefing at the Media Center in Kyiv on Monday.
At the same time, Kuyun noted that the price of fuel at 40-45 UAH per liter, which was determined during state regulation, was fair for a stable, secure market, “which we do not have today.”
“Accordingly, we need to reduce consumption, bring down the hype,” the expert said.
As reported, according to the A-95 group, the average retail prices for gasoline and diesel fuel in Ukraine increased by 22-30% in the period May 16-23, in particular, the average retail prices for A-95 gasoline increased by 10%. 72 UAH/liter, up to 50.84 UAH/liter, premium A-95 – by 9.85 UAH/liter, up to 51.51 UAH/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.
By Resolution No. 594 of May 17, 2022, the Cabinet of Ministers suspended the state regulation of fuel prices introduced a year ago due to 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 resource in the face of its shortage after reorienting to supplies from the western border and the Kremenchug refinery bombed by Russia.
At the same time, the State Service for Food Safety and Consumer Protection announced the start of inspections of gas stations based on consumer complaints about inflated prices, refusal to pay with cards and the absence of settlement documents.
A delegation of South Korea’s ruling People’s Power party will visit Ukraine next month, Yonhap reports citing officials.
Party chairman Lee Jung Suk and some party lawmakers will travel to Ukraine in early June as part of a “special delegation of Korean-Ukrainian freedom, peace and solidarity,” they said.
The exact date of the visit has not yet been determined.
“South Koreans deplore the situation in Ukraine and hope for a speedy peace,” the party’s press release quoted the agency as saying.
As noted in the Power of the People, their party will be the first political party in Asia to send a delegation to Ukraine.
Number of dead and wounded civilians in Ukraine as a result of military actions from 24.02.2022 according to un data (per)
Data: UN
The UK is working with international partners to find ways to resume grain exports from Ukraine, a Downing Street spokesperson said on Saturday.
According to The Guardian, according to her, the UK was involved in “intensive work … with international partners to find ways to resume the export of grain from Ukraine to avert a global food crisis.”
Prime Minister of the UK Boris Johnson had a telephone conversation with Ukrainian President Volodymyr Zelensky and told him that London would work with G7 partners to ” push for urgent progress” on the issue.
During the conversation, they also agreed on the next steps to ensure “safe shipping lanes.”
President of Poland Andrzej Duda confirmed his country’s readiness to act as one of the security guarantors for Ukraine.
Ukrainian President Volodymyr Zelensky was already interested in Poland’s potential agreement, Duda said in an interview with CNN.
“We believe that, as neighbors, we simply have to. Therefore, if Ukraine offers us to be the guarantor of security and the guarantor of peace when the war is over, and if such terms of the peace treaty are accepted, yes, Poland will participate in this,” he said.
New US Ambassador to Ukraine Bridget Brink has received a Ukrainian visa. Now she will be able to arrive at the embassy in Kyiv, said Ukrainian Ambassador to the United States Oksana Markarova.
“It is a great pleasure to issue a visa and meet with a colleague – the new US Ambassador to Ukraine Bridget Brinks. Ukraine has always had the best leaders of the American diplomatic mission, who were not only highly professional diplomats, but also wonderful people and examples of public service. And this time, I did not exception!” Markarova wrote on Facebook on Saturday, noting that she “expects active joint work at a defining time in our struggle for independence and democracy!”
