Fuel prices in Ukraine directly depend on the situation in the Middle East and will stabilize only after the active phase of the conflict in the region is over. Prime Minister Yuliia Svyrydenko has stated this during an hour of questions to the government.
According to the head of the Cabinet of Ministers, the cost of fuel at Ukrainian gas stations is a "reflection of the situation" and is directly related to the war in Iran. Svyrydenko emphasized that the domestic fuel market in Ukraine is highly competitive, so the current price increase is not the result of collusion or concerted actions of market players.
"The price ceiling at gas stations is a reflection of the situation of the war in Iran. After stabilization in the Middle East, we can only expect price stabilization in Ukraine," the Prime Minister explained.
Thus, according to the government's forecasts, the stability of the Ukrainian fuel market in the short term will depend on global geopolitical factors and the reduction of tension in the Middle East region.
As the Ukrainian News agency earlier reported, Svyrydenko expects fuel prices to fall in Ukraine.
From March 20 to May, the government introduced a partial compensation for fuel purchased at gas stations under the National Cashback program: 15% for diesel, 10% for gasoline, and 5% for autogas. According to the Ministry of Economy, this will save from UAH 2 to 11 per liter.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.