Business news from Ukraine

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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FUEL PRICES CUT IN UKRAINE

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.

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UKRTATNAFTA DECLARES READINESS TO FULLY PROVIDE UKRAINIAN MARKET WITH GASOLINE

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.

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