A stronger hryvnia and a decline in fuel prices in Europe were conducive to the decrease in petrol prices in Ukraine.
The sale of motor fuels of the Euro 4 environmental class was outlawed in Ukraine from January 1, 2018, according to the technical regulations for motor petrol, diesel fuel, marine fuel and boiler oil, which were approved by the Cabinet of Ministers way back on August 1, 2013.
Ukraine's gasoline imports from Belarus shrank by 91% in October, which led to a shortage of fuel and triggered a rise in prices at the country's filling stations, according to enkorr.
The retail price of petrol and diesel fuel in most gas station chains across Ukraine increased on average by 20-60 kopiykas per liter on October 14-16, 2017, Oleksandr Sirenko, an analyst at UPECO, the consulting company specializing in energy markets, told UNIAN.
The retail price of petrol and diesel fuel in most gas station chains across Ukraine increased by UAH 1.5 per liter in September 2017, Oleksandr Sirenko, an analyst at UPECO, the consulting company specializing in energy markets, told UNIAN.
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.
Tropical Storm Harvey's effect on the energy industry has spread beyond flooded U.S. refiners as fuel pipelines are also shut, threatening a supply squeeze around the country and roiling world markets as traders scramble to find alternative supplies, according to Reuters.