A very balanced approach should be applied to the protection of Ukrainian oil market from imports, energy and coal industry minister of Ukraine Eduard Stavytsky told a press conference, ForUm correspondent reports.

According to him, it is necessary to avoid lack of supply increase in prices in the country.

"In any case, we will not allow a rise in price, there are no preconditions for this. The Cabinet is working and will work on a radical renewal of the domestic oil industry," the official said.

Stavitsky noted that before the end of March, the Ministry will complete and submit to the Cabinet all solutions for the protection of the domestic market of fuels and lubricants, including possible tax.

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