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 After the Dollar Hike Gas Prices Follow Suit

Today the prices of all types of petroleum products in OKKO and WOG gas station chains grew by 9-11 kopecks per liter (around 5 cents per gallon) depending on the type of fuel.

According to OilNews , this can be seen in the price monitoring of Consulting Group AI-95.

The only exception was the diesel fuel in Zakarpattia oblast where it grew by one kopeck only (0.5 cent per gallon) while the price for other types of fuel grew the same as in other regions.

It shall be noted that the total number of gas stations in two chains is around 750 which accounts for 11% of the Ukrainian retail market.

Among the key factors for the price growth, the experts name the growing appreciation of the oil and oil products in the external markets. Particularly, the price of A-95 (close to Premium by the US standards) grew by $93 per ton (9.1%) in August - up to $1,113/t and the diesel fuel grew by $96 per ton (10.3%) up to $1,024/t.

Moreover, the hryvnia devaluation is exerting increasing pressure on he prices.

 
 
 
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