Fuel Price Update in Ukraine
As of May 2, 2026, fuel prices across Ukraine have been revised upward. Retail chains WOG and Socar increased their rates by 1 hryvnia per liter, pushing the average cost of A-95 gasoline to 75.90 UAH/l and diesel fuel to 89.90 UAH/l. The most expensive fuel is currently offered by the Oko, WOG, and Socar networks, while the cheapest options remain available at Ukrnafta and BRSM-Nafta.
National Cashback Program
The National Cashback program, launched on March 20, 2026, has been extended through May 31, 2026. Under this initiative, users can receive cashback at the following rates:
- 15% on diesel fuel,
- 10% on gasoline,
- 5% on autogas.
Starting May 1, the maximum monthly compensation per user is capped at 500 UAH. The program offers potential savings of up to 11 UAH per liter on diesel, 7 UAH per liter on gasoline, and 2 UAH per liter on autogas.
According to the Antimonopoly Committee of Ukraine (AMCU), between February 26 and March 31, diesel prices on the Platts index surged by 86%, import costs rose by 58%, and prices at gas stations increased by 39% (gasoline by 16%, diesel by 39%). However, the AMCU found no evidence of monopolistic practices in the fuel market. The primary objective factor behind the price hikes is that, since last year, following the shutdown of Ukraine's largest oil refinery, nearly all light petroleum products—over 85% of total volume—are now imported.
The rise in fuel prices is also driven by increasing demand, declining supply and inventory levels, and higher actual costs for purchasing petroleum products and logistics services. In March 2026, diesel supply volumes remained at the same level as in 2025, underscoring the market's challenging conditions.
“Meanwhile, average prices at gas stations in Ukraine rose more slowly—gasoline by 16% and diesel by 39%,” noted Pavlo Kyrylenko.
Ukraine's oil refineries remain idle, which has significantly impacted the fuel market. Amid rising prices and heightened demand, consumers are facing challenges related to fuel availability and affordability.
The fuel market situation in Ukraine remains tense due to the shutdown of refineries and heavy reliance on imports. This has led to price increases and limited fuel accessibility for consumers. The cashback program aims to cushion the negative impact of these price hikes, but its effectiveness will depend on further market developments and potential shifts in supply and demand.