Experts name reason of price increase of petrol in Ukraine

Source : 112 Ukraine

The prices for the petrol and diesel gas oil increased in 0.002-0.01 dollars per liter the last weekends
17:40, 13 November 2017

112 Agency

The experts note that the only reason for the increase of the prices of the petrol in retail in Ukraine is the increase of the prices in the wholesale that takes place due to the price growth of the oil in the world as 112 Ukraine reported.

‘Indications of the prices of the beginning of November turned to be really high. For example, they reached 627 dollars per ton for petrol that is more in 70 dollars or 10% in comparison with October. The indication for diesel gas oil is higher in 25 dollars. The mentioned growth expressed in the price increase in 0.05 dollar for a liter of the petrol and 0.011 dollars for a liter of the diesel gas oil. That is why the prices for the petrol were influenced first by the increase of the world indications’, Sergy Kuyun, the Director of ‘Consulting Group A-95’ claimed to 112 Ukraine.

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‘According to PsycheaFuel, the precalculated indicative prices for A-95 petrol increased by 3.3% and for diesel gas oil by 2.3% only during the last month. It creates the grounds for the increase of the prices in retail’, Sergy Sapegin, the Director of Psychea claimed.

According to Sapegin, the prices for oil at the world market entailed the European indication that is the basis of the export of the oil products from Belarus and Russia. The Ukrainian petrol market depends on the import, especially from Belarus and due to this it is sensitive to all fluctuations. Only two oil refinery plants work in Ukraine.

Related: Ukraine fuel costs soar: When will gasoline and diesel prices fall?

The main factor that influences the price increase of the raw oil at the world market is the decrease of the mining in Russian and OPEC countries. The investors expect the prolongation of the agreement on the decrease of the oil mining by the number of OPEC countries at the meeting of the Oil and Energy Ministers of 24 countries in Vienna on November 30. Also, the escalation of the military and political situation in the Middle East influences the price. The explosion took place at the oil pipe line in Bahrain on November 10 and Iran was accused of this.

Related: Energy Ministry not responsible for regulation of prices at LPG car fuel market, - minister

The prices for the petrol and diesel gas oil increased in 0.002-0.01 dollars per liter the last weekends.

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