Fuel Prices Rise in Kyiv on March 5: Updated Costs at UPG, Ukrnafta, Wog, and OKKO Stations

Fuel Price Adjustments in Kyiv

According to Главком: On March 5, 2023, a price increase for fuel was recorded at several gas station networks in Kyiv. For drivers, this marks a notable shift in daily expenses. The UPG network is now offering the following prices:

• A-95 - 67.90 UAH/l
• upg95 - 70.90 UAH/l
• upg100 - 77.90 UAH/l
• Euro diesel - 67.90 UAH/l
• Upg Diesel - 70.90 UAH/l
• Autogas - 40 UAH/l

Ukrnafta has set its prices at 68.99 UAH/l for A-95, 65.99 UAH/l for A-92, 77.99 UAH/l for A-98 Energy, and 68.99 UAH/l for diesel.

The Wog network is offering:

• A-95 Euro - 70.99 UAH/l
• A-100 Mustang - 80.99 UAH/l
• Diesel - 70.99 UAH/l
• Mustang+ - 73.99 UAH/l

Meanwhile, OKKO has priced its Euro-95 at 70.99 UAH/l, Pulls 95 at 73.99 UAH/l, with Euro diesel costing 70.99 UAH/l and Pulls Diesel at 73.99 UAH/l.

The Broader Fuel Market Context

It is important to note that on March 4, fuel prices were lower across the board. The previous price ranges were:

• A-95 - from 63.99 to 73.99 UAH/l
• A-100 - from 78.99 to 80.99 UAH/l
• Diesel - from 63.99 to 73.99 UAH/l

These price changes come as Ukraine's parliament, the Verkhovna Rada, recently passed a law establishing minimum reserves of oil and petroleum products to create a strategic stockpile. This legislative move aims to bolster market stability and energy security. Fuel costs are a significant component of household and business budgets in Ukraine.

Rising fuel prices in Ukraine have the potential to influence inflation and the country's overall economic health.

Increased transportation costs can lead to higher prices for goods and services, which may affect the population's standard of living. Establishing a strategic reserve of oil and petroleum products is a critical step toward ensuring market stability and could help mitigate risks during global energy crises.