The rise in global oil prices, coupled with the depreciation of the hryvnia against the euro and the dollar, could lead to higher fuel prices in the retail market as early as January, said Sergey Kuyun, director of the consulting company A-95.
“The exchange rate has added one hryvnia, and global prices have added one and a half. The market is holding steady for now, but I think that if nothing changes, there will be some correction, or more precisely, a price increase as early as January,” he said during a briefing at the Media Center of Ukraine in Kyiv on Thursday.
According to the expert, the price of gasoline on the wholesale market has already risen by 2 hryvnia per liter, and the price of diesel fuel, in particular its Arctic brand, which has seen a sharp increase in demand with the onset of frost, is showing similar growth dynamics.
As reported, the increase in excise taxes on fuel from January 1, 2026, did not lead to an increase in prices at gas stations at the beginning of the year, as the decrease in the purchase cost of fuel in December due to the decline in world oil prices offset the tax increase.
In Ukraine, the third stage of the planned increase in excise taxes on motor fuel took place on January 1, 2026, in particular, on gasoline – by UAH 1.75/liter, on diesel fuel – by UAH 2.25/liter, and on autogas – by UAH 1.5/liter.
Prior to this, on September 1, 2024, and January 1, 2025, there was a two-stage increase in excise taxes on fuel, as a result of which the tax on autogas increased by 6.4 UAH/liter, on gasoline by 3 UAH/liter, and on diesel fuel by 4 UAH/liter.
According to the Serbian Economist, Serbia has not received a special license from the U.S. OFAC to continue the work of the company NIS, which has fallen under U.S. sanctions. This was announced by Serbian President Aleksandar Vucic. He also said that Serbia has decided to completely shut down the Pančevo refinery.
Since November 25, the NIS refinery has been operating in a reduced circulation mode due to a shortage of oil. Vucic noted that NIS will decide when to complete the shutdown of the refinery.
Earlier it was reported that the Serbian parliament is preparing an amendment that would allow Serbia to become the owner of NIS. A possible sale of 56.15% of NIS shares to Hungarian partners is also being considered.
NIS, a subsidiary of Gazprom Neft, was included in the US SDN List in 2025.
https://t.me/relocationrs/1865
On Thursday and Friday, November 27 and 28, 2025, all customers can refuel their cars at the gas stations of Ukraine’s largest network, UKRNAFTA, at the most favorable price.
Base prices for these two days have already been reduced:
• A92 — 55.99 UAH/l;
• A95 — 55.99 UAH/l;
• A95 Energy — 55.99 UAH/l;
• A98 Energy — 66.99 UAH/l;
• DP — 57.99 UAH/l;
• DP Energy — 58.99 UAH/l;
• LPG — 33.99 UAH/l.
When purchasing fuel through the UKRNAFTA app wallet, the following additional discounts apply:
• −2.5 UAH/l when purchasing gasoline and diesel fuel;
• −0.5 UAH/l on LPG.
You can also refuel with gasoline and get -10 UAH/l:
• −2 UAH/l — when using the UKRNAFTA app;
• −1 UAH/l — when refueling 20 l or more and purchasing winter washer fluid;
• −1 UAH/l — when refueling 20 l or more and purchasing a hot dog;
• −2 UAH/l — when refueling 40 l or more (25–40 l: −1 UAH/l)
• −2 UAH/l — when paying with a Mastercard from OTP Bank;
• −2 UAH/l — additional bonuses from partners: Nova Poshta, YasnoLove, Vodafone.
That is, if a UKRNAFTA customer fills up with 40 liters of gasoline, enjoys a hot dog, purchases a high-quality winter windshield washer fluid, collects a partner bonus, scans the app, and pays with a Mastercard from OTP Bank, they will receive a discount of 10 UAH/liter.
We invite everyone to UKRNAFTA — the most affordable gas station chain near you!
JSC Ukrnafta is Ukraine’s largest oil production company and the operator of the largest national gas station chain, UKRNAFTA. In 2024, the company entered into asset management with Glusco. In 2025, it completed an agreement with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 662 gas stations.
The company is implementing a comprehensive program to restore operations and update the format of its network of gas stations. Since February 2023, it has been issuing its own fuel vouchers and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the corporate rights of the company that belonged to private owners, which is now managed by the Ministry of Defense.
PJSC Ukrnafta imports gasoline and diesel fuel according to Euro-5 standards from Sweden, Poland, Lithuania, Greece, and Kuwait, the company’s press service reports.
In particular, it is diesel fuel and gasoline produced by Preem (Sweden), Orlen (Poland), Kuwait National Petroleum Company (Kuwait), Hellenic Petroleum and Motor Oil Hellas (both Greece).
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of filling stations. In March 2024, the company took over the management of Glusco assets and operates 545 filling stations – 460 owned and 85 managed.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTA cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company, which belonged to private owners and is currently managed by the Ministry of Defense.
PJSC Ukrnafta will offer a 3.3 UAH/litre discount on gasoline and diesel and a 0.5 UAH/litre discount on autogas on the 33rd anniversary of Ukraine’s Independence, the company announced on Facebook.
The promotion will run from August 23-25, 2024. It is open to Ukrainian citizens registered in the UKRNAFTA mobile application.
The offer does not apply to purchases of petroleum products in the app’s fuel wallet and when paying with NaftaPAY at the pump.
“Ukrnafta is the largest oil company in Ukraine and the operator of the national network of filling stations. In March 2024, the company took over the management of Glusco assets and operates 545 filling stations – 460 owned and 85 managed.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company, which belonged to private owners and is currently managed by the Ministry of Defense.
The Cabinet of Ministers has approved a draft law amending the Tax Code of Ukraine, which provides for a gradual increase in excise duty on motor fuels by 2028, including gasoline by 68%.
The government’s representative in parliament, Taras Melnychuk, announced the approval of the draft law at a government meeting on Friday on Telegram.
According to his message, the draft law, in particular, proposes to set new rates of excise tax on fuel, taking into account their minimum level provided for by Directive 2003/96/EC, which comes into force on January 1, 2028. As noted in the report, a schedule of annual increases in such rates is established from July 1, 2024 to January 31, 2027 inclusive.
At the same time, MP Yaroslav Zheleznyak (Voice faction) published a schedule of rate increases to the draft law on his Telegram channel, according to which in the first half of this year the excise tax on motor gasoline will be EUR 213.5 per thousand liters, and in the second half of this year – EUR213.5/thousand liters, and in the second half of the year it should increase to EUR242.6/thousand liters and after further gradual increase in 2025-2027 in 2028 it should be EUR359/thousand liters. Thus, based on these figures, the excise tax on gasoline will increase by 68% from 2024 to 2028. The excise tax on diesel fuel, which is EUR139.5/thousand liters, should increase to EUR177.6/thousand liters in the second half of the year and to EUR330/thousand liters in 2028 (plus 136.5%).
As for liquefied gas, the figures are EUR52/thousand liters, EUR55.6/thousand liters, EUR70/thousand liters (plus 34.6%), and for alternative fuels – EUR162/thousand liters, EUR184.08/thousand liters, EUR272.4/thousand liters (plus 68%).
As reported, in mid-March 2022, the Rada adopted a law on additional tax incentives to support businesses during the war, aimed, in particular, at keeping fuel prices down. According to the law, fuel was temporarily subject to zero excise duty and 7% VAT instead of 20% for the period of martial law.
On September 21, 2022, the Rada adopted draft law No. 7668-d on the return of excise taxes on motor fuels, setting them at EUR 100 for gasoline and diesel (hereinafter referred to as per 1 thousand liters), EUR 52 for liquefied gas, butane and isobutane, and EUR 100 for alternative motor fuels and biodiesel. VAT for all fuels remained at 7%.
However, according to this document, from July 1, 2023, the level of fuel taxes returned to the pre-war level: VAT – up to 20%, excise tax on gasoline – up to EUR213, diesel fuel – up to EUR140 per 1 thousand liters.
