Fuel Prices Surge in Ukraine: Diesel Nears 90 Hryvnias.

Sharp Rise in Ukrainian Fuel Costs

According to TSN.ua: A significant escalation in fuel prices has been recorded across Ukraine, impacting gasoline, diesel, and autogas. On March 20, 2023, major gas station chains updated their rates, triggering a notable increase—especially for diesel fuel.

At the OKKO, WOG, and SOCAR networks, A-95 gasoline rose by 1–2 hryvnias per liter, now priced between 74.99 and 78.99 hryvnias. Conversely, at Ukrnafta stations, premium gasoline dropped by 3 hryvnias to 68.99 hryvnias per liter. For diesel, WOG saw prices climb to 84.99–87.99 hryvnias per liter, while premium diesel at Ukrnafta increased to 81.99 hryvnias per liter. Autogas also went up by 1 hryvnia, with the new range standing at 42.99–46.99 hryvnias per liter.

Reasons and Forecasts for the Price Hike

According to available data, the wholesale price of diesel at the border has already hit 81 hryvnias per liter, with gasoline around 70 hryvnias per liter. The surge is driven by rising global oil prices and Ukraine's reliance on imports from the Middle East.

Expert Serhiy Kuyun predicts that prices could approach 90 hryvnias per liter.

Meanwhile, Dmytro Liushkin notes that within the next week, premium stations may see gasoline rise to 85 hryvnias per liter and diesel to 95 hryvnias per liter.

As of the price update on March 20, the situation at gas stations was as follows:

• OKKO network: A-95 gasoline at 74.99 hryvnias per liter, diesel at 83.99 hryvnias per liter, autogas at 46.99 hryvnias per liter;
• WOG: A-95 gasoline also at 74.99 hryvnias per liter, diesel up to 87.99 hryvnias per liter, autogas at 46.98 hryvnias per liter;
• SOCAR: A-95 gasoline at 74.99 hryvnias per liter, diesel up to 86.99 hryvnias per liter, autogas at 46.98 hryvnias per liter;
• Ukrnafta: A-95 gasoline at 68.99 hryvnias per liter, diesel from 77.99 hryvnias per liter, autogas at 42.99 hryvnias per liter.

Consequently, the rise in fuel prices across Ukraine has become a noticeable trend, driven by both external and domestic factors.

This price increase reflects global energy market trends and internal economic challenges. Higher oil prices on world markets and import dependency could further strain consumer budgets. If this trajectory continues, it may exacerbate inflation and lower living standards, particularly amid ongoing economic instability.