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Automatically translated version. May contain inaccuracies compared to the original.
In July there was a significant spike in fuel prices in Ukraine, when the average cost of gasoline A-95 at gas stations exceeded 80 hryvnias per liter, and diesel — 90 hryvnias. The situation stabilized in August, but fuel price declines have not yet been observed.
How the rise in fuel prices affects business and price growth
As fuel market expert Serhiy Kuyun said in a commentary to 24 Channel, the rise in fuel prices increases production costs, but by itself it does not justify a sharp jump in prices.
Serhiy Kuyun
Director of Consulting Group A-95
Overstated impact of fuel on transport tariffs, on the cost of agricultural and industrial production. Even such an increase is only a few percentage points of the rise in the cost of food, industrial goods, and transportation.
The expert notes that fuel prices in Ukraine move in parallel with global trends: both rises and falls. However, he does not observe a similar dynamic in food prices.
There were two peaks over two to three months, but then the price fell in June by 20+ hryvnias in step with world prices. As for something in a store becoming cheaper… There are many items, of course I can’t speak for everything. But what I buy, I don’t see getting cheaper. It almost always only becomes more expensive,
– says Serhiy Kuyun.
According to the expert, despite the current significant fuel cost, it will go down, since the world cannot live with such prices. Serhiy Kuyun suggests that prices could retreat below the pre-war level in Iran. However, he expressed doubt that the same could be expected for food prices.
Fuel
Average prices in the Amic Energy network as of
Earlier economist Oleg Pendzin, in a comment to TSN, noted that in spring, due to the rise in fuel costs, the cost of food products rose by 1,5 – 6% depending on category, but consumers saw more increase on receipts.
The reason was that retail networks add their own VAT, markups, and manufacturers factor in the risks of further exchange rate increases and fuel prices.
Therefore, the direct consequences of the situation in the petroleum product market are not decisive for rising food prices.
Recall that the National Regulator in 1 August raised the transmission tariff for Ukrenergo for business electricity. This was an increase of 25%. This means that electricity for businesses became more expensive, since this tariff is included in the final price along with other components (market price, distribution and supplier services).
This will affect the cost of production, since electricity is a component of the cost of almost all goods and services in Ukraine. However, there is no talk of a significant price increase.
Document: PDF proof of the original version of the news item "Пальне може подешевшати, але продукти – навряд: чому бізнес підвищує ціни". It records the publication content at the moment of the first scan, the preservation date and the source: Channel 24.
