Fuel Prices in Ukraine See Fresh Updates on May 12

Fuel Prices in Ukraine as of May 2026

According to Главком: As of May 12, 2026, gas station networks across Ukraine have revised their fuel prices. The average cost of A-95 gasoline now stands at 74.48 UAH per liter, while diesel fuel averages 88.06 UAH per liter. The highest prices are found at OKKO, WOG, and Socar stations, whereas the most affordable fuel is available at Ukrnafta and BRSM-Nafta. The National Cashback program, which launched on March 20, 2026, offers discounts of 15% on diesel, 10% on gasoline, and 5% on autogas until May 31, 2026. Starting May 1, the maximum monthly compensation has been capped at 500 UAH.

Diesel prices in Ukraine have surged by 33.9%. The Antimonopoly Committee has found no evidence of monopolistic practices in the fuel market. The rapid increase in diesel costs has placed Ukraine among the top ten countries worldwide for the fastest price hikes. Between February 26 and March 31, 2026, diesel prices rose by 86%, import costs climbed by 58%, and average station prices increased by 39%. Over the same period, gasoline prices saw a 16% rise.

Fuel Prices Across Different Networks

According to available data, at UPG stations, A-95 gasoline is priced at 74.90 UAH, diesel at 86.90 UAH, and autogas at 47.90 UAH. OKKO and WOG offer A-95 for 77.90 UAH, diesel for 89.90 UAH, and autogas for 49.90 UAH. At KLO, A-95 costs 70.90 UAH, diesel is 86.40 UAH, and autogas is 46.90 UAH. SOCAR has similar prices to OKKO and WOG for A-95 and diesel. Ukrnafta sells A-95 at 71.90 UAH, diesel at 86.90 UAH, and autogas at 47.90 UAH. The lowest prices for A-95 and diesel are recorded at BRSM-Nafta, at 69.99 UAH and 86.49 UAH, respectively.

Key factors driving fuel price increases include:

• rising demand volumes
• reduced supply and inventory levels
• higher logistics service costs

Pavlo Kyrylenko, head of the Antimonopoly Committee, stated: 'The main objective factor behind the price increase is that, since last year-specifically after the shutdown of the largest and essentially only oil refinery in Ukraine-nearly all light petroleum products, accounting for over 85%, have become dependent on imports.'

It is worth noting that the National Cashback program will remain active until May 31, 2026, allowing consumers to receive some compensation for fuel purchases. The maximum savings amount to up to 11 UAH per liter on diesel, about 7 UAH on gasoline, and 2 UAH on autogas.

The rise in fuel prices in Ukraine is a key economic indicator that could impact various sectors, including transportation and logistics. Given the heavy reliance on imported petroleum products, this situation may pose heightened risks for future price stability. While the National Cashback program can partially offset consumer costs, questions remain about how long this price surge will last and what additional measures might be implemented to stabilize the market.