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Situation in the Ukrainian fuel market is quite stable, deputy director of the economy real sector development department - head of market development department of the Economic Development and Trade Ministry Larysa Hrebennikova told a roundtable, ForUm correspondent reports.
According to the expert, the lack of domestic production of motor fuels is fully covered with imports, and there is no shortage of supply. "In such a situation, the sowing campaign went well, now we have harvest campaign. However, in the first six months of 2013 there was a slight decline in fuel consumption associated with difficult weather conditions in late winter (March-April) and with overall dynamics of transport in 2013. Meanwhile in summer months, demand is on the traditional level," she said.
Hrebennikova added that more and more owners of passenger cars switch to LPG, and it also affects the gasoline consumption. "Anyway, the filling stations yield remains high, regardless of fluctuations in price for crude oil, and the operators lay possible spikes in raw material costs in price. This is aimed at the opportunity to have working capital for the purchase of new batches of fuel and lubricants, as well as repayment of existing loans. However, sellers agree on prices of fuels with the expert-analytical group of the Energy Coal and Industry Ministry, thus achieving cost stability," the specialist emphasized.