Fuel prices should decrease amid falling oil prices, with stable reserves - Prime Minister
Kyiv • UNN
Global oil prices have fallen below $100 per barrel. Ukrnafta has already started lowering fuel costs, and the country's resource reserves are at record levels.
Prime Minister Yulia Svyrydenko predicts a decrease in fuel prices amid falling world oil prices and stated that the situation with reserves is stable, UNN writes.
The Prime Minister held a meeting with the chairman of the board of NJSC "Naftogaz of Ukraine" regarding the current situation on the world oil and oil product markets.
We are seeing a decrease in quotes on major exchanges, which should directly affect fuel prices in Ukraine. The state-owned gas station network "Ukrnafta" has already reacted and started lowering prices. If the current global dynamics are maintained, a more significant decrease is expected. We expect a similar reaction from other market participants
She emphasized that "the market must fairly react to changes in price conditions."
The fuel availability situation is stable. In March, record supply volumes for the last 5 years were ensured. Similar dynamics will be maintained in April
Recall
Oil prices fell below $100 a barrel on Wednesday after US President Donald Trump announced a two-week ceasefire agreement with Iran, contingent on the immediate and safe opening of the Strait of Hormuz.