Fuel Prices Ukraine
Part of: GIZ International Fuel Price database
Also see: Ukraine Energy Situation
Fuel Pricing Policies
| Local Currency: | UAH |
| Exchange Rate: | 7.85
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| Last Update: |
The downstream market for liquid fuels is open and liberal. However, an Expert Group constituted by members of the Ministry of Fuel and Energy and fuel traders, publishes a non-mandatory indicative price for fuels every ten days. Retailers usually obey to that indicative price, because the Ukrainean antimonopolistic committee considers higher prices as an abuse of a monopolistic status and might therefore impose penalties.
Imported fuels are duty-free. This fact induces high pressure on the national oil refineries, as they can not compete with foreign refineries in terms of efficiency. Thus, imported fuels are more inexpensive at most times. There are also Russian oil companies digging oil in Russia, that also are retailers in the Ukraine. However, the advantage of having no wholesale margins is balanced out by immense transportation costs.
By law, crude oil digged in the Ukraine has to be sold at an official auction. However, there are cases where this law is de-facto disobeyed through interwoven oil and refinery companies, leading to the exclusion of competitors from the market.
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 95 Octane as of 2010/12/01.
Retailer costs includes transportation, logistics and maintenance of service stations.
Source: TNK BP Commerce
Excise duty rised in early 2011: From 132€ to 182€ per ton for petrol, and from 30€-75€ to 42€-90€ for diesel, depending on the the sulfur share. According to an internet Article (see App. A1), this excise tax increase was de-facto reversed again in April 2011.
At a Glance
| Regulation-Price-Matrix |
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No official source found yet. Hints welcome!
Sources to the Public
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
