The escalation of the military conflict in the Middle East has already impacted the global oil market, which is expected to lead to an increase in fuel prices in Ukraine. According to experts’ forecasts, this week Ukrainian market operators may raise fuel prices by 2–3 hryvnias per liter.
This is reported by Finway
Market Reaction to the Surge in Oil Prices
Serhiy Kuyun, director of the consulting group “A-95,” reported that after the stock exchanges opened, the global price of oil jumped to $82 per barrel, compared to $72 at the end of last week. In this situation, most traders have suspended active operations, waiting for further developments. Only a few offers remain in the market, and their prices have significantly increased.
Some foreign suppliers have also reported suspending additional deliveries due to the uncertainty of the situation. This creates additional pressure on price stability in Ukraine.
Expectations and Threats for the Market
Serhiy Kuyun notes that the main threat to fuel prices remains the panic reaction of market participants. Some gas stations may begin to build up additional stocks, which could provoke further price increases.
“Leaders also want to play it safe, so this week we will see a classic rise – by 2-3 hryvnias,” Kuyun noted.
Despite this, the expert emphasizes that there is currently no fuel shortage: the Ukrainian market is supplied with gasoline, and diesel fuel is also available in sufficient quantities. With the onset of warmer weather and the disappearance of the need for winter-grade fuel, supplies have only intensified.