Automatically translated version. May contain inaccuracies compared to the original.
The Dnipro network of Neftek gas stations on 18 September was the first in Ukraine to set the price for diesel at 100 UAH/l, and for the premium grade at 102 UAH/l. Diesel prices in Ukraine have already come very close to this level, but the large premium gas station chains have held back from crossing it until now. Other market operators are still keeping the bar at 99,9 UAH/l and below, although pressure on prices continues to build.
The fuel market situation is reported by enkorr. According to the publication, the European refined products market eased slightly after reaching record levels, but the price declines were insufficient to eliminate the threat of further price increases in Ukraine. From 11 to 17 September, gasoline quotations in Europe fell by 49 dollars per ton, to 1328 dollars, while diesel fell by only 2 dollars per ton, to 1553 dollars per ton.
Ukrainian operators barely feel the easing on the global market because their tanks are being filled with new, more expensive batches of fuel. As of the first half of the day on 18 September, minimum wholesale diesel prices in the south of the country ranged from 92 to 93 UAH/l, while in the west they were even higher — 94 UAH/l and up.
The pause in the diesel market shifted networks’ attention to gasoline. The OKKO network added 86 kop./l to its price, raising the cost to 92,76 UAH/l, and SOCAR increased the price by 2 UAH/l to 93,9 UAH/l, remaining the leader with the highest price for this type of fuel. Networks Chipo (99,88 UAH/l), Green Wave and KLO (each at 99,80 UAH/l) have come close to premium diesel levels. Just the day before, UKRNAFTA raised prices for light refined products by 2 UAH/l — to 86,90 and 97,90 UAH/l, which shows that even the big market players are feeling the price increases.
The three cheapest for diesel prices include VostokGaz thanks to promotional offers, as well as the Svoi and Faktor networks. In the gasoline segment the lowest prices are held by Rodnik, Svoi and VostokGaz, although Rodnik this time raised the price of diesel immediately by 3,41 UAH/l, to 96,90 UAH/l. As of 18 September, the spread between gasoline prices in premium networks and discounters is 4,63 UAH/l, and for diesel — 5,54 UAH/l.
The government is looking for a way to restrain prices at gas stations
The postponement of raising diesel prices above the 100 UAH mark in major networks is linked to the authorities’ request to wait for a reversal of the external market. Smaller operators, which do not have large reserves of cheaper fuel, have found themselves in the most difficult position and have already begun operating at a loss, waiting for the largest market players to be the first to cross the threshold.
"We’ve already come very close to 100 UAH/l, but we don’t want to be first... We’re waiting for the biggest networks to raise the price. For now we’re managing the situation using cheaper remaining stock, but there’s less and less of it," one of the regional gas station networks said.
Meanwhile, according to enkorr, consultations are ongoing between Ukrainian operators and the government, which has shown willingness to support businesses during this difficult time, and decisions the market has long awaited were adopted the day before.
Earlier Informator reported that diesel at 100 hryvnias was forecast as early as the beginning of September — the director of the consulting group A-95, Serhiy Kuyun, then explained rising global quotations as a result of the tensions around Iran and warned that the price increase could add about 5 hryvnias per liter to diesel fuel prices in Ukraine.
We also wrote that gas station prices approached historic records due to successful advances by the Houthis, who attacked Saudi Arabia’s oil infrastructure, and Kuyun emphasized that there is no fuel shortage in the country despite the rapid rise in costs.
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