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Ukraine's govt introduces state regulation of fuel prices

Source : 112 Ukraine

The Cabinet of Ministers set for the quarantine period the maximum levels of the trade markup to the average price of diesel fuel
16:20, 14 May 2021

Open source

The Cabinet of Ministers of Ukraine today, at an extraordinary meeting, adopted a resolution introducing state regulation of fuel prices, enkorr reports citing a source.

Amendments were adopted to Resolution No. 1236 of December 9, 2020. By this resolution, the Cabinet of Ministers established the maximum margin of the gas station when selling gasoline and diesel fuel. According to the document, the levels of the trade markup to the average price for diesel fuel are set not higher than $0,25 (UAH 7) per liter and for gasoline - not higher than $ 0,18 (UAH 5) per liter.

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According to the published draft resolution developed by the Ministry of Economy, the average cost of diesel fuel (ULSD 10 ppm) and gasoline (GASOLINE 10 ppm), including customs payments (excise tax and VAT), should be calculated based on the data of Platts CIF NWE for the previous calendar month/decade.

Meanwhile, the Ukrainian Parliament supported the draft decree No 5382, which requests that the Cabinet of Ministers keep the discounts for power consumption for the residents of the 30-kilometer zones around nuclear power plants. 

311 MPs upheld the document, with 226 necessary to pass. 

"Under the decree of the Cabinet of Ministers from December 28, 2020, the government set the fixed prices for power for consumers without considering the right of popluation living in the 30-kilometer zone of nuclear power plants (NPPs) - the right for a discount for consumed electricity. Thus, the tariff for electricity for residents of 30-kilometer zones around NPPs grew by 2.67 times," reads the explanatory note.

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