Ukraine's Fuel Price Update
On June 26, 2026, Ukrainian gas station networks updated their fuel prices. The average cost of A-95 petrol reached 75.27 hryvnias per liter, while diesel fuel hit 77.96 hryvnias per liter. The primary driver behind the price surge is the shutdown of the country's largest oil refinery, combined with a heavy reliance on imports that now exceeds 85%. The Antimonopoly Committee has found no evidence of monopolistic practices in the fuel market.
Fuel Prices Across Station Networks
Among major chains, OKKO, WOG, and Socar are charging the highest prices for both petrol and diesel, while BRSM-Nafta and Ukrnafta offer the most affordable options. For instance, UPG stations sell A-95 petrol at 73.90 hryvnias per liter, compared to 78.90 hryvnias per liter at OKKO. Diesel at UPG costs 75.90 hryvnias per liter, whereas OKKO charges 80.90 hryvnias per liter.
A fuel cashback program, active from March 20 to May 31, 2026, reached 2.3 million Ukrainians. It offered compensation rates of 15% for diesel, 10% for petrol, and 5% for autogas. Diesel prices in Ukraine have climbed by 33.9%. According to Pavlo Kyrylenko, the main objective factor behind the price hikes is the halt of operations at Ukraine's largest oil processing facility.
Diesel supply volumes in March 2026 remained consistent with the previous year's levels. Between February 26 and March 31, diesel prices jumped 39%, while petrol prices rose 16%. Over the same period, import prices surged 58%, and prices at gas stations increased by 39%. Pavlo Kyrylenko noted that
“at the same time, average prices at Ukrainian gas stations rose more slowly”.
The Antimonopoly Committee investigated the market and concluded that no monopolistic actions were taken by participants. Additional factors contributing to the rise in fuel prices include:
- increased demand volumes
- reduced supply and inventory levels
- higher logistics costs
- inability to compare storage conditions and capacities for fuel within Ukraine
The rising cost of petroleum products has sparked concerns about a potential diesel shortage in Ukraine. With over 85% of light petroleum products dependent on imports, the situation remains challenging, and future fuel price changes are uncertain.
These recent fuel price adjustments highlight the vulnerability of Ukraine's oil and gas market amid high import dependency. The shutdown of the largest refinery has become a critical factor affecting overall fuel supply. Meanwhile, the earlier fuel cashback program demonstrates the government's efforts to mitigate the impact of rising prices on consumers. The market outlook leaves questions about price stability and fuel accessibility in the future unanswered.