The Cabinet of Ministers of Ukraine has begun implementing a set of measures to stabilize the fuel market in response to events in the Middle East that are affecting the price situation in the country. According to Prime Minister Yulia Svyrydenko, the government has coordinated actions with relevant ministries and the leadership of Naftogaz of Ukraine to respond promptly to market challenges.
This is reported by Finway
State Company Ukrnafta to Reduce Trade Markup
One of the key steps will be the sale of fuel by the state company Ukrnafta with a minimal markup. This is expected to create a transparent benchmark for fair pricing for all market participants and prevent unjustified increases in fuel costs.
“To stabilize the market, the government is implementing a comprehensive set of measures. In particular, the state company Ukrnafta will sell fuel with a minimal trade markup, forming a benchmark for fair pricing in the current market conditions,” Svyrydenko noted.
At the same time, the government is negotiating with other fuel market operators, urging them to adhere to responsible pricing policies to avoid artificial price increases and support consumers.
Strengthening Price Control and Strategic Priorities
The Prime Minister has instructed the Antimonopoly Committee of Ukraine and the State Consumer Service to strengthen control over the pricing policies of market operators. The goal is to prevent market manipulation and unjustified markups by individual participants.
The government is paying special attention to ensuring stable prices and sufficient fuel volumes for the defense sector, farmers, and public transport. Additionally, steps are being taken to expand fuel imports with the support of international partners to guarantee the stability of the Ukrainian market even in challenging external conditions.