The Fuel and Energy Ministry believes that there are grounds for a fall in the prices of petroleum products in Ukraine, “Cabinet press office” informed.

According to the press office, an analytical group of experts on the market of crude oil and petroleum products has analyzed the situation including prices on the market of petroleum products and supply on the market during the January-February period of this year.

Fuel and Energy Ministry calculations based on data from petroleum refineries and major importers indicate that there will be a surplus of petroleum products in January 2007, compared with January 2005.

The main basis for such a forecast is a steady fall in the prices of petroleum products on the European market.

Specifically, the prices for the A-95 brand of gasoline fell by 14.8% while the price of Russian fuel fell by 11.1% during the first 12 days of January.


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