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Fuel Prices Surge Across Ukraine Following Refinery Shutdown

Ціни на паливо зросли в Україні після зупинки роботи нафтопереробного заводу.

As of May 25, 2026

Gas station networks across Ukraine have updated their fuel prices. The average cost of A-95 gasoline now stands at 76.84 hryvnias per liter, while diesel fuel is priced at 87.50 hryvnias per liter. Diesel prices have jumped by 33.9%, continuing a months-long upward trend. Experts point to the shutdown of the country’s largest oil refinery as the primary driver of the increase, along with a heavy reliance on imports, which now account for over 85% of supply.

Cashback Program and Station Prices

To ease the burden on drivers, a cashback program is in effect until May 31, 2026, offering refunds of:

  • 15% on diesel,
  • 10% on gasoline,
  • 5% on autogas.

Launched on March 20 of this year, the program provides maximum savings of up to 11 hryvnias per liter on diesel, 7 hryvnias on gasoline, and 2 hryvnias on autogas. Since May 1, the monthly compensation cap has been set at 500 hryvnias per user.

The most expensive fuel stations—OKKO, WOG, and SOCAR—charge between 79.90 and 82.90 hryvnias per liter for A-95 gasoline. The cheapest options are available at Ukrnafta and BRSM-Nafta, with prices starting at 72.99 hryvnias per liter. As of May 25, prices at UPG, OKKO, WOG, KLO, and SOCAR range from 72.90 to 92.90 hryvnias per liter for both diesel and gasoline.

“The main objective factor behind the price increase is the halt of operations at an oil refinery in Ukraine.” — Pavlo Kyrylenko, Head of the Antimonopoly Committee

In March 2026, fuel supply volumes remained at 2025 levels, suggesting insufficient market supply. This, combined with rising actual purchase costs for petroleum products, is adding further upward pressure on prices. Additional factors include higher logistics costs and the inability to compare storage conditions and volumes for fuel within Ukraine.

The Antimonopoly Committee has not detected any monopolistic practices in the market, but the fuel sector remains under close scrutiny due to significant price volatility. Import prices have surged by 58%, according to Platts data, while pump prices have risen by 39%, highlighting the severity of the situation in Ukraine’s fuel market.

The current state of Ukraine’s fuel market reflects deep economic challenges tied to reduced domestic production and heavy import dependence. High fuel prices could fuel inflation and raise overall living costs, with potential ripple effects across other sectors. The government’s cashback program aims to soften the financial blow for drivers, but its effectiveness will hinge on future price trends and fuel availability.