Business news from Ukraine

LPG SALES IN UKRAINE WOULD EXCEED PETROL SALES IN 2017 – EXPERT

16 November , 2016  

KYIV. Nov 16 (Interfax-Ukraine) – Liquefied petroleum gas (LPG) sales in 2017 would exceed petrol sales, Director of A-95 consulting group Serhiy Kuyun has said.

“In the past three years LPG sales grew by more than 1.5 times. In 2016, the volume of LPG sold in liters would be the same as petrol, and in 2017 LPG sales would exceed petrol sales,” he said at the Petroleum Ukraine 2016 conference in Kyiv on Tuesday.

Kuyun added that the large growth of the LPG segment is linked to lower prices compared to petrol.

He recalled that this was clearly seen after removing obstacles created for importers of LPG in the times when Viktor Yanukovych was president. The expert said that geography of LPG supplies to Ukraine expands today. This year LPG even came from Sweden, Egypt and Italy.

“It is likely that Ukraine would enter the top five largest LPG consumers in the world,” he said.