The meeting of U.S. President Trump with Hungarian Prime Minister Viktor Orban significantly impacted the oil markets, raising diesel prices in Europe. This led to an increase in fuel prices at Ukrainian gas stations. Specialists believe that diesel will become more expensive as European quotations forecast further growth.
Oil quotations slightly rose before Trump's meeting with Orban, but the market is limited due to the capacity of the Druzhba pipeline. The U.S. granted Hungary permission to purchase Russian oil, circumventing sanctions, which may lead to requests from other countries for similar leniency.
Diesel fuel in Ukraine has skyrocketed in price, but the unblocking of supplies from the Romanian port of Constanta will not save the situation. Even in the case of reselling Russian oil by Hungarians, diesel prices at Ukrainian gas stations may increase. Experts predict a possible rise of 3 UAH/l in the coming weeks.
Prices for propane-butane in Ukraine fluctuate due to market dynamics. A slight decrease in wholesale prices for propane-butane is expected, but prices for gas at gas stations will remain unchanged.
The increase in fuel prices in Ukraine is associated with the rise in diesel prices in Europe caused by Trump's meeting with Orban. Insiders believe that the increase may continue, which could affect prices at Ukrainian gas stations in the coming weeks.