Fuel prices in Ukraine will rise by 4 hryvnias: expert names the reason and timeline.

The founder of the Prime group of companies, Dmytro Lyoshkin, expressed his opinion on Lviv Media that fuel prices in Ukraine may rise by 4 hryvnias. This will happen initially in November and then in December due to an increase in excise taxes. He also explained the reason why prices for gasoline and diesel fuel do not decrease simultaneously with the drop in oil prices on global markets.

Expected increase in fuel prices

According to inkorr.com: Dmytro Lyoshkin, the founder of Prime, believes that by the end of the year, fuel prices in Ukraine may rise due to excise taxes. In his opinion, the increase will be 4 hryvnias: first in November and then in December. Lyoshkin noted that fuel prices do not respond to declines when oil prices fall on global markets due to the specifics of the functioning of the Ukrainian market.

Main problems of the Ukrainian fuel market

Ukraine lacks its own oil storage facilities, unlike European countries, which allows for the smoothing of price fluctuations. The Ukrainian market effectively operates on the principle of 'consumption from tankers.' According to Lyoshkin, market makers have kept prices stable for four months with a large margin, which allowed for the amortization of fuel costs. He also noted that the actual price for consumers is often lower than that displayed at gas station stands, thanks to various discounts and loyalty programs.

The main problem of the Ukrainian fuel market is the lack of oil storage facilities, complicating the management of price fluctuations. Lyoshkin explains that in Ukraine, the main mechanism for amortizing fuel costs involves maintaining prices by market makers with a large margin. Moreover, he noted that the actual cost of fuel for consumers is often lower than indicated at gas station displays, due to discounts and loyalty programs.

Lyoshkin warned that fuel prices could increase by 2 hryvnias in November and another 2 hryvnias at the end of December. However, he noted that forecasting such changes is difficult.

It is anticipated that fuel prices may increase by 2 hryvnias in November and another 2 hryvnias at the end of December. However, considering the instability of market conditions, predicting these changes is not so straightforward.

Recommendations for drivers

When choosing a gas station network, attention should be paid to fuel quality, advises Lyoshkin. For those using fuel in business, it is essential to carefully review the terms of loyalty programs and follow the advice of specialists. Every driver should remember that the optimal strategy may differ depending on the region and personal needs.

It is worth noting that many errors at gas stations occur automatically.

Thus, the increase in fuel prices in Ukraine may become a reality by the end of the year due to planned excise hikes. The lack of oil storage facilities in the country complicates the regulation of price fluctuations, but consumers can take advantage of loyalty programs and expert recommendations to form the optimal fueling strategy.