April 29, 2011 the Expert-analytical group for issues on the functioning of the oil and petrochemicals market and refining industry attached to the Ministry of Energy and Coal Industry recommended for traders to comply with the new oil price band - not more than 10.0 UAH per liter of petrol A-95 and 9.6 UAH per liter of diesel, Cabinet's press office reported.

The Chairman of the meeting the Minister of Energy and Coal Industry of Ukraine Yuriy Boyko called on traders to be responsive to the recommendations of EAG, stressing that the Government has fulfilled his promise and reduced the excise duty on petroleum products.

Participants agreed that the next meeting of the Expert-analytical group on the functioning of the oil and petrochemicals market and refining industry to be hold in mid-May 2011.

As earlier said Yuriy Boyko, the situation on the oil market requires from all participants opportunities to fuel pricing.

"We are watching for price situation on oil markets. Today, world’s countries take measures to stabilize fuel prices and to prevent unfair competition in the market. There are challenging times in the country, when one can not use the situation of global growth in oil prices to make enormous profits, taking advantage of Ukrainian citizens," said the Minister.
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