Facts

PM orders fiscal service jointly with competition agency to analyze justifiability of fuel price hikes

Ukrainian Prime Minister Volodymyr Groysman has ordered that the State Fiscal Service of Ukraine jointly with the Antimonopoly Committee of Ukraine is to analyze the justifiability of fuel price hikes at filling stations of the county.

"I am concerned about what is happening now with fuel prices ... I instructed the State Fiscal Service to analyze at what price the fuel is imported into the country, at what price they sell, and what is the margin. I believe that the State Fiscal Service together with the Antimonopoly Committee of Ukraine should make this issue public. If we say that the cost of oil was $55, and today it is $70, I understand that there was an increase, but [it should be] explained to people how the price of fuel is formed and why it has become as it is now," he said at a briefing in Bohuslav (Kyiv region) on Friday, February 2.

As reported, referring to monitoring of the A-95 consulting group (Kyiv), average retail prices of petrol and diesel fuel in Ukraine in the period from December 29, 2017 through January 29, 2018 grew by 7.1-8.2% (UAH 2.10 per liter) and the price of liquefied petroleum gas grew by 3.1% or UAH 0.40 per liter.

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