Ukraine’s largest petrol station chains have raised prices for petrol and diesel by 1–3 UAH per litre. OKKO has added one hryvnia to the price of its main fuel types, whilst WOG has increased the price of diesel by 3 UAH. According to petrol station price monitoring, as of 22 July, the average price of A-95 was 78.40 UAH/l, and diesel was 81.70 UAH/l.
Briefly about the main points
- OKKO has raised the prices of its main types of petrol and diesel by 1 UAH per litre.
- At WOG, the price of diesel has risen by 3 UAH per litre, and petrol by 1.40 UAH per litre.
- The average price of A-95 on 22 July was 78.40 UAH per litre.
- Autogas prices at the largest chains have largely remained unchanged.
- The price difference for 50 litres of A-95 between different chains is as much as 250 UAH.
New price tags at OKKO and WOG
At OKKO, following the price adjustment, standard A-95 petrol costs 81.90 UAH/l, and premium petrol costs 84.90 UAH/l. The price of diesel has been set at 83.90 UAH per litre, and premium diesel at 86.90 UAH per litre.
The most noticeable change has taken place at WOG. Regular A-95 is sold there at 82.90 UAH/l, and Mustang 95 at 85.90 UAH/l. Standard diesel costs 85.90 UAH per litre, whilst premium diesel costs 88.90 UAH per litre.
What has changed at other major chains?
SOCAR did not change its prices during the most recent review. A-95 costs 82.90 UAH per litre across the network, NANO 95 costs 86.90 UAH per litre, regular diesel costs 82.90 UAH per litre, and premium diesel costs 85.90 UAH per litre.
«Ukrnafta has raised the price of A-92 by 1 UAH to 74.90 UAH per litre. Meanwhile, the price of A-95 has remained at 77.90 UAH per litre, and that of standard diesel at 78.90 UAH per litre.
The weighted average price of A-95 in Ukraine rose by 1.11 UAH over the past 24 hours. These average figures do not take into account differences between regions, individual petrol stations, discounts or the terms of loyalty schemes.
- A-95 Premium — 82.28 UAH/l.
- A-92 — 75.07 UAH/l.
- Autogas — 40.35 UAH/l.
The cost of a full tank
Filling a 50-litre tank with standard A-95 petrol at Ukrnafta will cost approximately 3,895 UAH. At OKKO, the same amount will cost 4,095 UAH, whilst at WOG or SOCAR it will cost around 4,145 UAH.
Consequently, the difference between individual major petrol station chains can be as much as 250 UAH per full tank. For a driver who fills up with 50 litres four times a month, the price rise could add 200–600 UAH to their costs — depending on the type of fuel and the petrol station chain chosen.
Autogas is rising in price at a slower rate: at OKKO, WOG and SOCAR it costs 41.90 UAH/l, and at Ukrnafta — 38.40 UAH/l.
Diesel is rising in price faster than petrol
Between 1 and 22 July, the average price of diesel rose from 76.10 to 81.70 UAH/litre — an increase of 5.60 UAH. Over the same period, A-95 rose by 3.80 UAH to 78.40 UAH/litre, whilst A-92 rose by 6.27 UAH to 75.07 UAH/litre. The average price of autogas, by contrast, remained virtually unchanged: from 40.61 to 40.35 UAH/litre.
The current growth is taking place against the backdrop of rise in oil prices due to the escalation of tensions in the Middle East. On 22 July, Brent closed at around $94 per barrel. However, as this surge occurred towards the end of the period for which Ukrainian retail prices were recorded, it is more likely to pose a risk of future price revisions than to fully account for the prices already set.
In July, the International Energy Agency also reported high margins and spreads on petroleum products, particularly diesel, due to limited refining capacity. This may explain the uneven trends across different types of fuel, but does not account for the specific decisions taken by each retail chain.
What might hold back further growth
Retail prices usually respond to changes in wholesale costs with a delay. If oil prices remain high for a prolonged period, operators may review their prices again. At the same time, competition between chains and individual discounts can partially offset the actual costs for regular customers.
In May, Taras Vysotskyi, Deputy Minister of Economy, Environment and Agriculture, stated that the mandatory addition of at least 7% of bioethanol to petrol from 1 July should not lead to a rise in fuel prices.
