“Petrol fever: the expert said the reasons for the rise in price of fuel

«Бензиновая лихорадка: эксперт назвал причины подорожания топлива

The rise in price of gasoline in Ukraine happened because of the devaluation of the hryvnia.

This commentary, ГолосUA said the expert on energy issues Valentin Zemlyansky.

“Despite the devaluation of the hryvnia, was delayed increases in gasoline prices. The previous batch were bought and sold at the rate of 26 hryvnia for one dollar. It took 1.5 months, previous shipments of spent fuel and gasoline purchased by the new value. Fluctuations in the European markets, where the purchase of fuel is not so significant, and so affects the price, as the devaluation of the national currency”,- said V. Zemlyansky.

He said that the cost of gasoline will depend on two factors: the volatility and stability of the national currency.

“If it will continue until the end of the year, within 28 hryvnia, then the price growth will stop. If the devaluation continues, it will continue and rising prices at the gas station. In addition, another factor is the elimination of the state regulation of the oil market. It can engage in dialogue with the games market and reduce the cost of the excise tax, but does not. Since the state has withdrawn, petrol prices due to the devaluation of the national currency will grow in price. As a result, a liter of 95 will vary in price 33-35гривен. Gasoline premium – 37 hryvnia per liter,” – concluded V. Zemlyansky.

Recall, the first week of October spoiled the mood of the Ukrainian drivers: five days of fuel at the pump has risen on the hryvnia.

Thus, according to the consulting group “A-95”, the average cost of gasoline A-95 went up from 32.08 UAH/l to 33.03 UAH/liter. Maximum price tags were even higher. For example, in some networks of stations a liter of A-95 costs UAH of 35.49.

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