First deputy prime minister of economy of Ukraine Yulia Sviridenko predicts that the retail price of diesel fuel during the month will increase by 5 UAH/liter, gasoline – by 7-8 UAH/liter.
“We see and forecast together with gas station operators that by the end of July the increase will be 5 UAH for diesel and 7-8 UAH for gasoline,” she said on the air of the national marathon on Tuesday.
Sviridenko specified that arithmetically returning to the prewar level of excises on motor fuel and increase of VAT on it may lead to increase of price on diesel fuel up to 8 UAH/liter and petrol – up to 11 UAH/liter. At the same time the accumulated fuel reserves and lack of shortages should not lead to a sharp rise in prices.
“We see that there will not be a sharp rise in price. There are several factors – there is no shortage, there are stocks, the market in Europe is flooded with resources, so there will not be sharp jumps. Much, of course, depends on the price situation in the world, but today we do not expect sharp fluctuations,” she added.
As it was reported with reference to director of A-95 Sergii Kuyun, fuel prices will not rise from July 1, but will rise gradually. According to him, the tax burden on gasoline will increase by 11 UAH / l, 8 UAH / l – on diesel fuel, 3 UAH / l – on liquefied gas.
“Some part of it, at least 2-3 hryvnias per liter will be taken by the network, but diesel will add 100 per cent 5 hryvnias per liter, petrol – 7-8 hryvnias per liter. The price for gas will be the same 3 hryvnias/liter higher,” he predicted in his comments to Energoreforma a few days before the end of June.
Much will depend on the purchase price of petroleum products, most of which are imported. According to Kuyun, if world prices fail, there will be preconditions for them to compensate the increase of tax burden.
In the middle of March 2022, the Rada passed a law on additional tax incentives for business support during the war, aimed, in particular, at keeping fuel prices down. According to it, temporarily, for the period of martial law, a zero excise tax and VAT of 7% instead of 20% were set for fuel.
On September 21, 2022, the Rada passed the bill No. 7668-d on the return of excise taxes on motor fuel, setting them at EUR100 for gasoline and diesel (hereinafter 1,000 liters), EUR52 for liquefied gas, butane and isobutane, and EUR100 for alternative motor fuel and biodiesel.
VAT for all fuels remained at 7%. But according to this law, starting July 1, 2023, fuel taxes return to the prewar level: VAT – to 20%, excise tax on gasoline – to EUR213, diesel fuel – to EUR140 per 1000 liters.
Gasoline imports for 28 days in December increased by half compared to November, diesel fuel – by 10%, wrote in Facebook director of consulting group A-95 Sergey Kuyun on Thursday.
“In 28 days of December, gasoline imports increased one and a half times compared to November, diesel fuel – by 10%. For the last three days of the year, the result will be even better,” he said.
According to the expert, some networks of filling stations already have a reserve of fuel for the entire January 2023.
“Yesterday the “precipitation” of prices has already begun, today it is expected to continue,” Kuyun added.
According to the price bulletin of the group “A-95”, the average retail price of gasoline A-95 in Ukraine on Thursday, in particular, was 51.99 UAH / liter, down from December 27 by 0.8% (52.38 UAH / liter), the price of “A-95 +” – 53.07 UAH / liter (0.1% lower than on December 27 – 53.13 UAH / liter).
Average retail prices for gasoline in Ukraine in the period from August 20 to August 28 fell by UAH 0.40-0.50 per liter, according to the data of the A-95consulting group (Kyiv).
In particular, the prices for gasoline grade A-92 fell by 1.4% (by UAH 0.42), to UAH 28.89 per liter, A-95 – by 1.7% (UAH by 0.51), to UAH 29.71 per liter, premium A-95 – by 1.6% (by UAH 0.51), to UAH 31.62 per liter.
In addition, the average price of diesel fuel for the week fell by 1% (by UAH 0.29), to UAH 27.93 per liter, while the price of LPG grew by 0.1% (by UAH 0.02), to UAH 17.48 per liter.
As reported, the Ministry of Economy of Ukraine on August 26 announced the cost of gasoline to be UAH 25.53 per liter and diesel fuel – UAH 21.11 per liter, from which the price caps for fuel at filling stations are calculated at the end of August and beginning of September.
Taking into account the trade margins, the price cap for “ordinary” gasoline for its sale through the filling station network shall not exceed UAH 30.53 per liter, for “ordinary” diesel fuel – UAH 28.11 per liter. Compared to the middle of August, the average price for gasoline fell by UAH 0.53 per liter, for diesel fuel – by UAH 1.14 per liter.
The setting of the price caps does not include “branded premium fuel” with improved quality indicators.
The Ministry of Economy of Ukraine announced the average cost of gasoline at UAH 26.64 per liter and diesel fuel at UAH 22.25 per liter, on which the fuel selling price caps at filling stations at the end of July is based.
Thus, taking into account the trade markups, the price cap for “ordinary” gasoline for its sale through the filling station network shall not exceed UAH 31.64 per liter and for “ordinary” diesel fuel – UAH 29.25 per liter.
Compared to the middle of the month, the average price for gasoline fell by UAH 0.23 per liter, for diesel fuel – by UAH 0.35 per liter.
PJSC Ukrtatnafta (Kremenchuk refinery, Poltava region), in response to information about the possible termination of supplies of A-95 gasoline to Ukraine by the Belarusian Oil Company, assured of its readiness to fully compensate for the lack of Belarusian gasoline in the domestic Ukrainian market.
“Taking into account the possibility to almost double refining at PJSC Ukrtatnafta, there will be no shortage of gasoline on the market,” the company said in a press release on Friday.
In addition, as Ukrtatnafta said, an increase in the production of gasoline in Ukraine will lead to an increase in the production of diesel fuel and liquefied gas.
“In recent years, dependence on supplies of Belarusian gasoline in the Ukrainian market was about 50%. At the same time, PJSC Ukrtatnafta met up to 43% of the need in gasoline in the domestic market,” the company said.
As reported with reference to the Enkorr industry publication, Belarusian Oil Company, as of May 28, had not confirm the supply of A-95 gasoline for Ukrainian counterparties for June, while the full volume of A-92 was confirmed.
