Automatically translated version. May contain inaccuracies compared to the original.
It is no secret that diesel fuel has shown the sharpest price increase among the main types of fuel in Ukraine. According to data from the National Bank of Ukraine (NBU), the price of diesel has risen by 70,7% compared with the same period last year, while the total cost of fuel and motor oils has grown by 46,2% on an annual basis.
Price growth affected different fuels unevenly. Gasoline of A-95 brand has risen by 45,1% – a significantly smaller indicator than diesel fuel.
Impact of the global oil market
One of the key factors of the rise was the increase in world oil prices. In September, spot Brent crude oil prices reached 117 dollars per barrel, which is about 72% higher than the level a year ago.
The NBU connects this jump to a shortening of world supply amid events in the Middle East, as well as relatively low oil reserves in Europe. These circumstances have driven up the costs in oil products markets.
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