Diesel Prices in Ukraine Drop to 80 UAH/L

Diesel prices in Ukraine have decreased to 80 UAH/L due to weak demand and sufficient supply. Imported fuel is being sold below cost. In the south, prices have fallen below those in the west for the first time in two months, with sales at 80-81 UAH/L compared to list prices of 81-82.70 UAH/L. Major importers offered fuel at 81.90-82 UAH/L, but then prices dropped to 80.90-81.50 UAH/L. At the same time, gasoil quotes on the London exchange have risen: on August 28, ICE Gasoil closed trading at 1222 dollars per ton, which is 37 dollars higher than the previous day. The entry cost of southern diesel fuel is 81.60-83.40 UAH/L, while minimum prices in the domestic market are lower by 1.60-2.40 UAH/L. Importers have reduced purchases from Greece due to additional costs for premiums, freight, and insurance, which add 9-10 dollars per ton. From August 31 to September 6, the price of diesel from Orlen Lietuva decreased by 1.30 UAH/L, and Ukrainian companies are offering the resource for 79-80 UAH/L. Market participants do not expect a diesel shortage in September, but forecasting the domestic price is complicated due to fluctuations in quotes and logistics.

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