Falling prices at filling stations will continue. Under what circumstances?

Falling prices at filling stations will continue. Under what circumstances?

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Fuel at Ukrainian petrol station may go down for another 2 UAH/liter in the case of the stability of oil prices and exchange rates. Such opinion on air of the project “Makaronina” on the YouTube channel enkorr expressed the Deputy head of division “Oil” of the NJSC “Naftogaz of Ukraine” and Director for commercial issues of JSC “Ukrgasdobycha” Sergey Fedorenko.

“If there is a stable exchange rate, in the range of 27-27,5 UAH/USD., and favourable macroeconomic indicators (a loan from the IMF, the understanding of the quarantine, restart the economy), I think that gas stations have the potential to further decrease”, – he said.

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Meanwhile Fedorenko stressed that “slow down” the decrease in prices may increase costs of filling stations in connection with the fall in consumption.

As previously reported, retailers began to cut prices from 20 of March. Over the last week the average price of gasoline and diesel fuel, fell 1.9 UAH/liter.

The experts of “Consulting group A-95” expect gasoline and diesel fuel will continue to become cheaper in the retail segment, however the limiting factor is the fall in retail sales in a quarantine on average 30-40%.

Lower prices and expects the Antimonopoly Committee. According to his estimates, which he did on March 30, the potential of reducing the retail price of gasoline was 3-5 UAH/L. 3 April, a meeting of leaders of retail companies with the Prime Minister Denis Megalam where including issues of pricing.

April 4, the press service of the President’s Office at the end of the meeting said that in the coming days, retailers will continue price reductions.

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“At the request of the President, the government also held talks with the owners and managers of filling stations relative to the unreasonable increase in fuel prices, and in the coming days prices will decline,” – said the press service of the President’s Office.

We also recall that since the beginning of the year, primarily due to the devaluation of the hryvnia, the prices of gasoline and diesel fuel in Ukraine has decreased by 23-24% (to $0,26/l and $0,27/liter), to $0,89/l and $0,86/l, respectively.

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