The Antimonopoly Committee of Ukraine (AMCU) analyzed the rapid rise in fuel prices and found no evidence of collusion among key market players.
This was reported by RBC-Ukraine, citing the statement of AMCU head Pavlo Kyrylenko in the Verkhovna Rada.
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“All gas station operators without exception note that their sales and, consequently, their profitability have noticeably decreased, so they are interested and ready to lower prices,” Kyrylenko stated.
According to him, there has been a recent increase in demand and a decrease in the supply of gasoline and diesel. The actual increase in the cost of petroleum products and the forecast for further growth in production costs are also significant.
“Currently, the Antimonopoly Committee has not found any evidence of collusion among market participants to raise prices based on the data received as of today,” the AMCU head added.
Among other factors contributing to the rise in prices at gas stations are increased logistics costs and customs duties, as well as fluctuations in currency exchange rates.
At the same time, he emphasized that the fuel market in Ukraine is unregulated, and prices are formed through market mechanisms, but if violations are identified in the future, the committee will take appropriate measures.
Fuel prices in Ukraine are going down
Earlier, Prime Minister Yulia Svyrydenko noted that the “Ukrnafta” gas station network was the first to respond to the sharp decline in global oil prices and began to lower prices.
Also, earlier in a comment to RBC-Ukraine, the director of the A-95 Consulting Group, Kuyun, mentioned the conditions under which Ukrainian gas stations could start lowering fuel prices.
In addition, the AMCU has initiated a case regarding the rapid rise in prices at gas stations. If violations are found, gas station networks could face fines.
Source: rbc.ua
