Gasoline prices will increase by 4 hryvnias: when to expect a new price hike

The founder of Prime, Dmytro Lyoshkin, believes that Ukrainian fuel prices may rise by the end of the year due to increased excise duties. This could lead to an increase of 4 hryvnias, first in November and then in December. Fuel prices in Ukraine do not drop following the decrease in oil prices due to certain market peculiarities.

The founder of the Prime group of companies, Dmytro Lyoshkin, expressed the opinion on Lviv Media that fuel prices in Ukraine could rise by 4 hryvnias. This will happen initially in November and then in December due to the increase in excise taxes. He also explained the reason why prices for gasoline and diesel fuel do not decrease simultaneously with the drop in oil prices on the world markets.

Ukraine lacks its own oil storage facilities, unlike European countries, which allows for the amortization of price fluctuations. The Ukrainian market essentially operates on the principle of 'consumption from a fuel truck.' According to Lyoshkin, market makers have kept prices stable for four months with a large margin, which has allowed for the amortization of fuel costs. He also noted that the actual price for consumers is often lower than what is displayed at the gas station due to various discounts and loyalty programs.

The main problem of the Ukrainian fuel market is the absence of its own oil storage facilities, making it difficult to amortize price fluctuations. According to Lyoshkin, the main way of amortizing fuel costs in Ukraine is through market makers maintaining prices with a large margin. He also noted that the actual fuel price for consumers is often lower than what is displayed on gas station stands, thanks to various discounts and loyalty programs.

Lyoshkin warned that fuel prices could rise by 2 hryvnias in November and another 2 hryvnias at the end of December. However, he noted that predicting such changes is difficult.

Predicting, fuel prices may rise by 2 hryvnias in November and another 2 hryvnias at the end of December. However, accurately forecasting such changes is not easy, given the unpredictability of market conditions.

In case of choosing a network of gas stations and consistently using their services, the businessman advises paying attention to fuel quality. For those who consume a lot of fuel for business purposes, it is important to study the terms of loyalty programs and listen to the recommendations of professionals. Every driver should remember that the optimal strategy may differ depending on the region and individual needs.

Let us remind you about common mistakes at gas stations: most of them are made mechanically.

The increase in fuel prices in Ukraine may become a reality by the end of the year due to planned excise hikes. The lack of oil storage facilities in the country complicates the amortization of price fluctuations, but consumers can take advantage of loyalty programs and professional recommendations to choose the optimal strategy at gas stations.