Gasoline and diesel prices have risen sharply at Ukrainian gas stations: Which chains raised their prices the most?
23 July 10:30
A new wave of fuel price hikes has begun in Ukraine. The largest gas station chains have adjusted their prices for gasoline and diesel, raising them by 1–3 hryvnia per liter. The largest price increases were recorded at WOG, UPG, OKKO, KLO, SOCAR, AMIC, and other operators, according to"Komersant Ukrainian"
The rise in fuel prices came amid a sharp increase in global oil prices. As a reminder, on July 23, the price of benchmark Brent crude exceeded $96 per barrel, marking the highest level in the past six weeks due to the escalating situation in the Middle East.
Which gas station chains raised prices
According to the industry publication Neftorink, on July 22, most major operators simultaneously adjusted the prices of light petroleum products.
The largest price increases were recorded at:
- WOG – diesel fuel rose by 3 UAH/liter at once, and A-95 gasoline by approximately 1.4 UAH/liter;
- UPG – A-95 and A-95 gasoline rose by 1.5 UAH/liter;
- OKKO – A-95 gasoline rose by approximately 1 UAH/liter;
- KLO – A-95 rose by 1 UAH/liter, and premium gasoline by nearly 0.9 UAH/liter;
- AMIC and BRSM-Nafta have also raised their prices.
The current wave of price increases is the largest in the past few weeks.
Fuel Prices at Gas Stations as of July 23
Following the price adjustments, the largest chains have set the following rates:
| Chain | A-95 | Diesel |
|---|---|---|
| WOG | 82.90 UAH/L | 85.90 UAH/L |
| SOCAR | 83.90 UAH/L | 84.90 UAH/L |
| OKKO | 81.90 UAH/L | 84.90 UAH/L |
| KLO | 79.40 UAH/L | 84.00 UAH/L |
| UPG | 78.90 UAH/L | 81.90 UAH/L |
| UKRNAFTA | 77.90 UAH/L | 80.40 UAH/L |
| BRSM-Nafta | 73.99 UAH/L | 78.99 UAH/L |
SOCAR, WOG, and OKKO are selling the most expensive fuel today, while the lowest prices are traditionally found at BRSM-Nafta and Ukrnafta stations.
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Why Fuel Prices Have Skyrocketed
The main reason for the latest price spike was a sharp rise in global oil prices.
Due to the escalation of the conflict between the U.S. and Iran, attacks on tankers in the Red Sea, and risks to shipping through the Strait of Hormuz, the price of Brent crude exceeded $96 per barrel. This prompted Ukrainian gas station operators to adjust their retail prices.
In addition, the Ukrainian market is affected by:
- rising wholesale fuel prices;
- rising logistics costs;
- rising costs of marine insurance;
- currency exchange rate fluctuations.
What are the average fuel prices in Ukraine?
According to the “A-95” Consulting Group, following the latest adjustment, average retail prices are as follows:
- A-95 gasoline – about 79.84 UAH/liter;
- diesel fuel – about 83 UAH/liter;
- automotive gas remains on average around 40 UAH/liter and has not risen in price so far.
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