Ukrainian Prime Minister ArseniyYatseniuk sees a room for cutting fuel prices at Ukrainian filling stations, as global oil prices have fallen.

"Today we see that there is a chance for cutting the prices at filling stations… there is no administrative pressure – the smaller is the price of oil, the smaller price is from the fueling nozzle," he said at a cabinet meeting on Wednesday.

The prime minister ordered that Energy and Coal Industry Minister of Ukraine Volodymyr Demchyshyn jointly with the Antimonopoly Committee of Ukraine to meet fuel market operators on the price formation.

"The Antimonopoly Committee of Ukraine has a separate order, which unfortunately was not fulfilled in the past two months, to draw up a formula for fuel price formation depending on the global oil prices… This should be a transparent formula and the open approach," the prime minister said.