Current State of Ukraine's Fuel Market
As of July 7, 2026, gas station networks across Ukraine have held fuel prices steady. The average cost of A-95 gasoline stands at 76.23 UAH per liter, while diesel fuel is priced at 77.01 UAH per liter. Major chains like OKKO, WOG, and Socar offer the highest rates, whereas BRSM-Nafta and Ukrnafta provide the most affordable options. For context, Ukraine has been grappling with fuel supply challenges since the shutdown of its largest refinery, making price movements a key concern for consumers and businesses alike.
A fuel cashback program, active from March 20 to May 31, 2026, played a significant role in the market. It was utilized by 2.3 million Ukrainians, who received compensation at the following rates:
- 15% of diesel fuel costs,
- 10% of gasoline costs,
- 5% of autogas costs.
Key Drivers Behind Price Changes
Ukraine is experiencing a rapid 33.9% increase in diesel prices. The primary cause is the halt of the country's largest oil refinery, which has resulted in over 85% of light petroleum products being imported. Pavlo Kyrylenko, head of the Antimonopoly Committee, stated:
“The main objective factor influencing the price increase is that after the shutdown of the largest and essentially only oil refining facility in Ukraine, over 85% of light petroleum products depend on imports.” - Pavlo Kyrylenko
The Antimonopoly Committee found no evidence of monopolistic practices in Ukraine's fuel market. Between February 26 and March 31 of this year, diesel prices surged by 86%, while import costs rose by 58% and gas station prices increased by 39%. Average prices at Ukrainian gas stations grew more slowly: gasoline by 16% and diesel by 39%. Kyrylenko further noted:
“At the same time, average prices at gas stations in Ukraine rose more slowly, with gasoline up 16% and diesel up 39%.” - Pavlo Kyrylenko
Factors driving fuel price fluctuations include:
- rising demand volumes,
- decreased supply and inventory levels,
- increased logistics costs.
The cost of acquiring petroleum products is also climbing, potentially pushing production costs higher.
Prices vary across different networks. For instance, at the UPG chain, fuel prices are:
- A95 - 73.90 UAH,
- A95+ - 75.90 UAH,
- Diesel - 74.90 UAH,
- A100 - 84.90 UAH,
- Gas - 38.40 UAH.
The KLO network offers:
- A95 at 72.90 UAH,
- A95+ - 77.40 UAH,
- Diesel - 76.20 UAH,
- Gas - 39.90 UAH.
Ukraine's fuel market remains precarious due to its heavy reliance on imports, a direct consequence of the local refinery's closure. This could lead to further price hikes if supply chains are not stabilized. A notable finding is the lack of monopolistic behavior in the market, suggesting a competitive environment, yet the dependency on imports heightens the market's vulnerability to external shocks.