Ukraine's antitrust agency to address petrol price hikes at filling stations

The Antimonopoly Committee of Ukraine (ACU) has requested the necessary information from the Energy and Coal Industry Ministry and started to independently probe into the situation on the market of light oil products in order to find out the causes behind petrol and diesel fuel price hikes at many filling stations, according to ACU Head Yuriy Terentyev.

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"When monitoring the trend we see a price increase [at filling stations]. According to preliminary data, this is partly due to a halt of Mozyr Oil Refinery for an overhaul [it is one of Belarus' largest oil refineries, its fuel is imported to Ukraine]. Now we are requesting information from the Energy Ministry, while studying the situation in detail," Terentyev said at a round table on Wednesday, September 27 on competition on the energy market.

Read alsoAnother global gas trader enters UkraineAccording to the official, there are both objective reasons and subjective factors behind any price increase, among them is traders' expectation of an increase in purchasing prices.

As UNIAN reported earlier, the retail price of petrol and diesel fuel in many filling station chains increased by an average of 30-60 kopeks per liter on September 23-25. The fuel rose by another UAH 0.1-1.5 per liter on September 26. As a result, the price of A-92 petrol in some networks reached UAH 26.99 per liter, that of A-95 gasoline was UAH 27.99 and diesel fuel was UAH 24.99.

According to Oleksandr Sirenko, an analyst at UPECO, the consulting company specializing in energy markets, the prices grew due to an increase in prices of fuel on the European market whose indicators are applicable to the Ukrainian market.

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