Diesel Prices Surge in Kyiv Over the Weekend: Here’s What It Costs on March 16.

Fuel Price Breakdown in Kyiv as of March 16, 2023

According to Novyny.live: A sharp increase in fuel prices hit Kyiv over the weekend, with diesel seeing the most significant jump. As of March 16, 2023, a liter of diesel now ranges from 79.99 to 82.99 hryvnias. Just the day before, on Friday, March 15, diesel was priced between 75.40 and 80.99 hryvnias per liter, marking a clear upward trend. This price hike is part of broader global oil market movements that have been affecting Ukraine.

Gas Station Prices Across Kyiv

Here’s a detailed look at fuel costs at various stations in Kyiv on March 16:

• WOG Stations:
  • Diesel Euro — 79.99 hryvnias
  • A-95 Euro — 70.99 hryvnias
  • 95 Mustang — 73.99 hryvnias
  • 100 Mustang — 80.99 hryvnias
• SOCAR Stations:
  • Nano Diesel — 79.99 hryvnias
  • 95 Gasoline — 70.99 hryvnias
  • Nano 95 — 74.99 hryvnias
  • Diesel Nano Extra — 82.99 hryvnias
  • Nano 100 — 80.99 hryvnias
  • LPG — 44.98 hryvnias

Experts warn that the global price per barrel of oil could climb to $200, which may further drive up fuel costs in Ukraine. Meanwhile, a draft resolution has been submitted to the Verkhovna Rada aiming to stabilize fuel prices. However, according to Yuliya Svyrydenko, the Cabinet of Ministers has no plans to reduce VAT or excise taxes on fuel, as these revenues are critical for funding the military.

These factors point to potential challenges for consumers in the near future. — Yuliya Svyrydenko

The rising fuel prices in Ukraine, particularly in Kyiv, stem from global oil market trends combined with the government’s domestic tax policies. The increased cost of diesel is likely to ripple through the economy, raising the price of goods and services as higher fuel expenses are passed on to consumers. Given the volatility in energy prices, residents should prepare for possible shifts in their transportation budgets.