From April 14 to April 20, a significant decrease in the price of A-95 gasoline is forecasted at Ukrainian gas stations (GS). According to expert estimates, the reduction will range from 50 kopecks to 1 hryvnia per liter. It is noted that the first to lower prices will be large gas station networks, followed by other market participants.
This is reported by Finway
As of April 14, the average price of A-95 gasoline at Ukrainian gas stations was 55.4 UAH per liter. It is possible that in the coming days it will drop below 55 UAH per liter. According to forecasts, fuel prices will continue to decrease over the next three weeks, as the cost of gasoline “is expected to fall by 3 UAH per liter”.
“There will be a decrease of 0.5-1 UAH per liter this week, and then another similar decrease next week. This reduction will continue even into the first week of May,” reported Dmitry Lyoshkin, founder of the “Prime” group.
He also noted that the market has the potential for an even more radical decrease – up to 5 UAH per liter, but in the near future, gas stations are not rushing to make such changes, as they need to compensate for lost income after a tough winter.
However, he stated that the possibility of further price reductions cannot be denied, although this decrease will happen gradually. “This week, large networks OKKO and WOG will take a step towards lowering fuel prices at their gas stations by 0.5-1 UAH per liter. Following them, other market participants will do the same,” the expert concluded.
Reasons for the Decrease in Gas Prices
Analysts emphasize that the decline in fuel prices will not be affected even by the recovery of global oil markets, as prices for benchmark grades have fallen to four-year lows. This occurred due to the postponement by U.S. President Donald Trump of the introduction of tariffs for many countries.
However, the risk of a trade war between the U.S. and China remains high. Analysts believe that the conflict between the two largest economies in the world could lead to a reduction in global trade and disruption of trade routes. This, in turn, puts pressure on the global economy and reduces demand for oil. Under these conditions, retail prices for diesel, gasoline, and autogas have the potential to decrease.