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Fuel consumption in Ukraine to fall by 20-30%, - expert

Source : 112 Ukraine

According to the results of the first quarter of 2020, the level of gasoline and diesel consumption in Ukraine has decreased
13:19, 9 April 2020

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The fuel consumption in Ukraine will fall by 20-30% due to the introduction of quarantine measures, this conclusion was made by experts of the consulting group "A-95" that has analyzed market trends of the first quarter of this year.

The report noted that the balance of the oil market in Ukraine began to decline in the first quarter of 2020, According to the experts, "this will progress due to the introduction of quarantine."

Thus, the diesel fuel balance in the first quarter of 2020 amounted to 1.387 million tons, which is 1.5% less than in the same period of 2019 (1.408 million tons). It is emphasized that this is the first time that the quarterly market balance has decreased since 2015.

Related: Ukraine bans buckwheat exports until July 1

As we reported earlier, Ukrainian wheat exports from seaports almost fell by half to 138,000 tonnes in the week of March 28 - April 3 from 277,000 tonnes a week earlier. 

Nevertheless, the overall grain exports in that period rose to 1.021 million tonnes from 845,000 tonnes due to higher corn shipments.

Active growth in wheat prices was caused by... tightening of quarantine measures, as well as by introduced restrictions in a number of exporting countries,” the report reads.

Related: Export price of Russian oil drops amid market's downfall

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