The fuel market in Ukraine is currently stable, with expectations of a minor price reduction at gas stations this week. Experts indicate that the market is well-supplied, alleviating concerns over potential shortages.
According to Serhiy Kuyun, director of the consulting group A-95, there is a clear surplus of all types of fuel, including gasoline, diesel, and gas. The primary focus now is on pricing.
Kuyun noted that last week saw a typical trend where prices, initially anticipated to rise, began to decrease due to a significant drop in wholesale costs. He forecasts that wholesale prices will continue to decline this week, potentially leading to a decrease of 1-2 hryvnias at gas stations, depending on the network.
Price reductions are expected mainly at those stations that have not yet adjusted to last week’s wholesale price drop. Kuyun emphasized that while global oil prices are on the rise, the domestic market has not yet reacted to this trend.
Additionally, supply diversification from Hungary and Slovakia is contributing to market stability. Although these supplies do not directly affect pricing—since purchases are made at market rates—they enhance competition and lead to more objective price formation.
On May 11, Kuyun also addressed the recent spike in prices for premium 95 octane fuel at Ukrnafta stations. He described this increase as a marketing strategy rather than a significant market shift, noting that premium fuel accounts for only about 10% of sales. “This is simply a marketing activity. They seem to have been practicing this for the last month, lowering prices on weekends and raising them again on Mondays,” he explained.
The Ukrainian fuel market remains stable with a surplus of supply, leading to expected slight price reductions at gas stations. Experts attribute this stability to effective supply diversification and competitive pricing strategies.