Business news from Ukraine

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

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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RETAIL PRICES FOR PETROLEUM PRODUCTS IN UKRAINE INCREASE AGAIN OVER WEEK

The average retail prices for gasoline in Ukraine increased by 2.5-3 UAH/liter from May 9 to May 16, according to the data of the A-95 consulting group (Kyiv).

Thus, the average retail prices for A-92 gasoline increased by UAH 3.04/liter over the week, to UAH 39.85/liter, A-95 by UAH 2.42/liter, to UAH 40.12/liter , premium A-95 – by 2.63 UAH / liter, up to 41.66 UAH / liter.

In addition, retail prices for diesel fuel increased by UAH 0.17, to UAH 43.25/liter, for liquefied gas, by UAH 2.44/liter, to UAH 35.1/liter.

Change in average retail prices for petroleum products in Ukraine, UAH/liter

A-92  A-95  A-95+ DT   LPG
04/18/21 33.70 34.05 35.09 37.78 28.82
04/25/22 33.65 34.06 35.24 38.35 29.99
04/29/22 34.01 34.63 35.57 39.15 30.58
02.05.22 35.12 36.13 37.24 40.81 30.87
05/09/22 36.81 37.70 39.03 43.08 32.66
05/16/22 39.85 40.12 41.66 43.25 35.10
rev. per week,% +8.3 +6.4 +6.7 +0.4 +7.5

Data: “A-95”

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AVERAGE RETAIL PRICES FOR GASOLINE IN UKRAINE FALL BY UAH 0.4-0.5 PER 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.

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RETAIL PRICES FOR PETROL IN UKRAINE DURING MAY HOLIDAYS GROW BY UAH 0.3-0.5 PER LITER

Average retail prices for petrol in Ukraine in the period from April 30 to May 11 grew by UAH 0.3-0.5 per liter, according to the data of the A-95 consulting group (Kyiv).
So, the average retail prices for petrol grade A-92 during the May holidays increased by UAH 0.31 per liter, to UAH 28.09 per liter, A-95 – by UAH 0.45 per liter, to UAH 29.10 per liter, premium A-95 – by UAH 0.47 per liter, to UAH 30.67 per liter.
In addition, retail prices for diesel fuel from April 30 to May 11 grew by UAH 0.07, to UAH 28.29 per liter, while prices for liquefied petroleum gas (LPG) fell by UAH 0.03 per liter, to UAH 15.77 per liter.
As reported, on April 2, the Cabinet of Ministers and most of the country’s large filling station networks signed a memorandum on the creation of fair competition in the petroleum product market, as well as on meeting the needs of consumers during the period of quarantine restrictions.
According to Interfax-Ukraine, before the signing of the document, representatives of the authorities were actively negotiating with large networks of filling stations, persistently offering them to lower the prices for petroleum products that have increased in recent months. In particular, they were advised to set a price of up to UAH 30 per liter for A-95 petrol. As a result, after the signing of the document, the chains dropped the price of petrol by UAH 0.2-1 per liter.
At the same time, during the May holidays, retail petrol prices have already won back this decline. On May 11, the Cabinet of Ministers, by resolution No. 450 dated March 29, 2021, introduced a declaration of an increase in retail prices for petrol and diesel fuel in excess of 1%. According to the document, petrol grades A-92 and A-95, as well as diesel fuel, are included in the list of socially important goods.

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CHANGES OF RETAIL PRICES OF PETROL IN UKRAINE

The average retail price of A-92 and A-95 petrol slightly grew from September 23 to September 30, by 0.04%.
The retail price of А-95 and A-95+ petrol did not change, according to Kyiv-based A-95 Consulting Group.
The average retail prices of diesel fuel rose by 0.04%, while the price of LPG dropped by 0.17%.
Changes in average retail prices of fuel in Ukraine, UAH per liter:

©Source: A-95 Consulting Company

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