The government is taking measures to stabilize fuel prices: what will change in the market
6 March 15:40
The government is implementing a set of measures to stabilize the fuel market situation caused by military actions in the Middle East. This was announced by Prime Minister Yulia Svyrydenko, according to "Komersant Ukrainian".
In particular, the state-owned company Ukrnafta will sell fuel with a minimum markup, setting a benchmark for a fair market price in the current conditions, she said.
“We are working in parallel with other fuel market operators and counting on their responsible and balanced pricing policy,” Svyrydenko said.
She also instructed the Antimonopoly Committee of Ukraine and the State Food and Consumer Service to strengthen control over the pricing policy of operators in order to prevent unjustified markups and market manipulation by individual market participants.
Separately, the head of government instructed the First Deputy Prime Minister—Minister of Energy, together with the Ministry of Defense, the Ministry of Development, the Ministry of Economy, and Naftogaz, to pay special attention to ensuring key areas.
“Meeting the needs of the defense sector remains an absolute priority. At the same time, it is important to guarantee the availability of fuel and price stability for farmers, as well as sufficient resources and price stability for public transport,” Svyrydenko said.
The prime minister added that they are working with international partners to increase fuel imports to the Ukrainian market.
