Fuel costs correlate with the jump in quotations on the London stock exchanges
Over the next two weeks, the average cost of petrol and diesel fuel in Ukrainian gas station chains may increase by approximately 5 hryvnias per liter. This price hike is driven by changes in global oil quotations. This was reported by RBC-Ukraine (Марія Кучерявець) citing Serhiy Kuyun, according to the portal PromPolitInform.
Serhiy Kuyun, Director of the A-95 Consulting Group, explained that the negative trend in the petroleum product market began this week. Diesel quotations on the London Stock Exchange have already exceeded the April peaks recorded during the escalation between Iran and Israel.
The wholesale segment of the market reacted to these changes with a significant price jump, increasing by 4–4.5 hryvnias over three days. As expected, retail prices at gas stations have begun to adjust to this trend.
Dynamics of diesel fuel costs
The expert emphasized that the expected 5-hryvnia increase will not happen all at once. The process of passing the price quotations on to consumers will take about two weeks.
Given the current average diesel price of 91.31 UAH/L, it is expected to gradually approach 96 UAH/L. At individual gas stations, prices could reach 98 UAH/L.
Although crossing the psychological 100 UAH/L threshold is not currently considered a baseline forecast, the expert does not rule out such a scenario if additional market complications arise.
Situation in the petrol market
A similar trend is expected for A-95 petrol, which currently has an average price of 80.70 UAH/L. The projected price increase for this type of fuel is also around 5 UAH/L.
Despite this, there is no shortage of fuel and lubricants in the country. All major fuel types are available for sale, allowing demand to be met during the peak consumption season.
The market continues to operate under security risks. Industry participants are actively preparing for various scenarios, considering the constant threat of Russian attacks on energy infrastructure.
Illustrative photo: Unknown authorUnknown author / CC BY 4.0
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