The price of gasoline in the networks of Ukrainian gas stations was not affected by a drop in prices on world markets, the Antimonopoly Committee of Ukraine emphasized.
The Ukrainian Antimonopoly Committee called for explanations on the pricing of diesel fuel and high-octane gasoline brands from representatives of the largest gas station chains: WOG, OKKO, Ukrnafta, AMIC Energy, Shell, SOCAR, UPG and Glusco, reported on the regulator’s website.
The Antimonopoly Committee noted that in December last year, they indicated to gas station chains that “retail gas prices did not reflect a decrease in wholesale prices and a strengthening hryvnia, that is, gas station prices were higher than they should be in fair competition.”
According to the AMCU, retailers did not heed the recommendations.
“Analysis […] indicates a mismatch in the level of retail prices for diesel fuel and high-octane gasolines with objective factors affecting their formation. At the same time, in January – March 2020, there has been a decrease in both quotations for oil and oil products on European markets, and the cost of large wholesale in Ukraine, “the AMCU emphasized.
In this regard, the leaders of these companies should give explanations to the AMCU. The committee promises to inform about the results of the meetings next week.
The fall in oil prices has continued since early March. The main reason was that Russia and the Organization of Petroleum Exporting Countries could not agree on new restrictions on the level of oil production, as well as the decision of Saudi Arabia to “enter into a total price war” with Russia.
Since the beginning of March, oil has fallen in price twice: from $ 51.9 to $ 24.3 per barrel.
The cost of a liter of A95 gasoline, according to the Ministry of Finance, is now UAH 23–27, depending on the region.