Business news from Ukraine

Ukrzaliznytsia has purchased 30 thousand tons of diesel fuel from ExxonMobile

The private oil corporation ExxonMobile has delivered 30,000 tons of diesel fuel by tanker to the port of Klaipeda in Lithuania, from where it will be transported by Ukrzaliznytsia to Ukraine to provide a reserve for the stable passage of the winter season, UZ said on Friday.

“Taking into account the available diesel fuel reserves, Ukrzaliznytsia has actually provided the necessary volume for the stable passage of the winter season,” UZ said in a statement.

It is noted that the contract for the supply of this batch of diesel fuel was signed on November 17, and five days later, the shipment began in the port of Klaipeda.

According to UZ, the price for diesel fuel including delivery, excise and customs clearance is quite favorable for the company and will be approximately UAH 52 thousand per ton or UAH 43-44 per liter.

“The final price will be calculated on Monday, five days after the notification of readiness for shipment according to Platts indices,” UZ said.

It is noted that thanks to the agreement with ExxonMobile, UZ saved UAH 2-3 per 1 liter of diesel fuel, as, according to the consulting agency, its cost in Ukraine in wholesale was UAH 46/l, and in retail – UAH 55/l.

According to Ukrzaliznytsia’s calculations, the company has already saved about UAH 1 billion on diesel by reducing consumption and through direct contracts with producers.

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“Ukrzaliznytsia” will continue to buy diesel fuel under contracts with ExxonMobile and PKN Orlen

“Ukrzaliznytsia” will continue to buy diesel fuel under direct contracts with ExxonMobile and PKN Orlen in 2023, covering its own needs, the task of providing other state agencies is not yet, said the head of the company Oleksandr Kamyshyn at a concluding briefing on Thursday.
“The level of fuel we import is enough for us. There is no task to import for other state structures. As soon as such task will be set, we will do it,” – said the head of UZ.
Thanks to direct contracts for the purchase of diesel fuel, which were signed in 2022 with ExxonMobile and PKN Orlen, savings amounted to more than 1 billion UAH, the company said on its website.

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