Fuel prices could collapse: experts revealed global changes in the diesel market.

Analyzing the diesel fuel market in Ukraine, experts found a significant increase in imports in 2024. Overall, diesel fuel imports rose by 8% and amounted to 6.65 million tons. It is noted that the number of suppliers has decreased, but the share of the top 5 suppliers has increased to 93%. Special attention is paid to Greek supplies, which have increased more than 2.7 times, but experts warn of uncertainty in future supplies due to high prices.

In 2024, there was also a surplus of raw materials, leading to a sustained decline in fuel prices. Analysts note that prices have dropped to an average of 75 dollars per barrel. Experts also point out the possible influence of the American administration on world prices, especially due to increased oil production in the USA.

It is emphasized that there is a consolidation of importers in the domestic market of Ukraine. The number of importing companies has decreased, but the share of the top 10 importers has increased. The leader in imports has become the company OKKO. In addition, further changes in the market may occur by the end of 2025 due to the introduction of a new law on minimum oil and petroleum product reserves.

Finally, it was reported that oil supplies from Russia to China have reached a historical maximum.