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Govt removes price caps for premium fuel for filling stations provided they sell fuel at regulated prices
KYIV. May 2 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine, as part of the fight against the shortage of fuel that has arisen on the market, in addition to raising the marginal levels of the trade markup, has allowed filling stations to set the price of branded premium fuel without restrictions, provided that they also sell fuel at state-regulated prices.
Resolution No. 488 dated April 29 was published on the government website on Saturday.
Until recently, retail prices for branded premium fuel could not exceed state-regulated retail fuel prices by more than 5%.
According to the adopted resolution, in the calculation of the regulated price, the costs of external logistics support were also increased from $50 to $80 per tonne.
The document also contains the government-announced increase in the upper trade markups to the average retail price of diesel fuel sold by filling stations from UAH 5 to 7 per liter, for gasoline – from UAH 4.55 to UAH 6.5 per liter.
First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko explained the tangible shortage of fuel at filling stations in certain regions of Ukraine, seen this week, by the enemy’s destructive attacks over the past three weeks on Ukraine’s fuel infrastructure and changes in the logistics of its supplies. She, together with Prime Minister Denys Shmyhal, said that the new government measures would allow it to be liquidated within a week, since the operators have contracted volumes in Western Europe, and now the issue is being decided how to bring them into Ukraine as quickly as possible.
