In brief
Prime Minister Serhiy Koretskyi expects cheaper fuel stocks to bring further price cuts at Ukrainian filling stations. He said the government and the competition watchdog were monitoring pricing.
Prime Minister Serhiy Koretskyi expects fuel prices in Ukraine to fall further as new stocks bought at lower global prices reach the market, RBC-Ukraine reported, citing his remarks during questions to the government in parliament.
Koretskyi said changes in global prices feed through to filling stations with a lag that depends on how quickly stocks are replenished. He rejected claims that fuel retailers immediately raise prices when global markets rise but ignore declines, saying pump prices had already begun falling after their peak.
He said the government and the Antimonopoly Committee were monitoring the process. RBC-Ukraine’s report did not specify the size or timing of the expected further reductions, which Koretskyi linked to the arrival of cheaper stocks.
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