Wholesale Drop Triggers Price Cuts at Ukrainian Gas Stations
Ukrainian gas stations have begun reducing retail fuel prices following a sharp drop in wholesale costs. Experts predict gasoline could fall to 80 UAH per liter in the coming weeks.
💱Курс і валютаPhoto: ТСН: Гроші
Key points
- Wholesale gasoline dropped by 10 UAH/l to 74.70 UAH/l.
- Major fuel retail chains cut gasoline and diesel prices by 1 UAH/l.
- Road tanker fuel imports hit a high since autumn 2023 at over 105k tons.
Ukraine's fuel market is witnessing a trend shift as filling stations adjust prices downward following a significant drop in wholesale purchases. Wholesale gasoline prices recently plunged by 10 UAH to 74.70 UAH per liter, while current customs valuations sit between 65 and 66 UAH per liter.
Retail Dynamics and Market Outlook
Retail chains quickly responded to the shift. Following regional operators, major national chains including OKKO, WOG, Ukrnafta, and UPG reduced gasoline and diesel prices by 1 UAH on November 12. The current nationwide average stands at 88 UAH per liter.
"Today the average price is 88 UAH/l, and if current purchase prices hold, within 2-3 weeks we will see 80, and then even lower," predicted Serhiy Kuyun, director of the A-95 Consulting Group.
Diesel fuel is also showing positive movement, with experts expecting prices to dip back below 100 UAH per liter during November. Conversely, liquefied petroleum gas (autogas) continues to rise at most stations.
Supply Drivers and External Factors
The current adjustment follows an October supply deficit when wholesale rates temporarily exceeded retail prices. This deficit drove fuel imports via road tankers to over 105,000 tons, the highest volume recorded since autumn 2023. Market demand is currently balanced between lower purchases from agricultural and metallurgical sectors and increased fuel stocking by generator users.
Global market influences, including Middle Eastern geopolitical developments and trading activity on the London exchange, also continue to shape domestic pricing trends.
Source ТСН: Гроші — tsn.ua/groshi/benzyn-v-ukrayini-rizko-zdeshevshav-skilky-koshtuvatyme-p… ↗
Read next
🏢БізнесUS Senator Blumenthal Demands Restoration of Starshield in Ukraine and Accountability for Restrictions
US Senator Richard Blumenthal has called for the immediate restoration of Starshield services in Ukraine and demanded transparency regarding who authorized the recent res…
🏢БізнесEnemy drone strikes residential building in Rivne, causing injuries
A nighttime drone attack in Rivne has damaged an apartment building and left five people injured. Local authorities are arranging temporary housing for those affected.
🏢БізнесKushner and Witkoff Secure EU Role in Peace Talks and Massive POW Exchange After Moscow Visit
US envoys Jared Kushner and Steve Witkoff finalized a major prisoner swap and secured Russia's consent for full European participation in future negotiations.
🏢БізнесUS and Ukraine Collaborate on Post-War Development Plan and Security Guarantees
US representative Jared Kushner announced close cooperation with Kyiv on Ukraine's post-war economic recovery strategy and long-term security architecture.
🏢БізнесAgro-holding Kernel Halts All Plants Following Enemy Attacks
One of Ukraine's largest sunflower oil producers has temporarily suspended operations at eight facilities and halted raw material purchases due to security risks.
🧠AI AnalysisZelenskyy meets US envoys in Dublin following their discussions in Moscow
Ukrainian President Volodymyr Zelenskyy held talks with US presidential special envoys Steve Witkoff and Jared Kushner in Dublin. The meeting focused on the outcomes of t…