15 January 2025

Russian LNG and Cheaper Crude Oil >> Targets of New Western Sanction

Fuel prices in Ukraine are steadily rising due to the ongoing war with Russia, which has significantly disrupted global oil supplies, leading to increased world oil prices and subsequent higher fuel costs at Ukrainian gas stations; this is primarily caused by sanctions against Russian oil exports and the general uncertainty in the market created by the conflict.



Fuel at the gas station continues to become more expensive

Kyiv  •  UNN

 • 26663 views

Fuel prices in Ukraine are rising due to an increase in world oil prices from $74 to $82 per barrel. The reason was new US sanctions against Russian oil companies and tankers.

.This was announced by fuel market expert Serhiy Kuyun during a briefing, UNN reports.

Details 

"If we started the year at $74 per barrel, yesterday it was $82. That is, the price of oil has increased by 10%. And we see that last week there was the first stage of the increase by 1-1.5 hryvnia. Today, some networks have increased the price, and the price will continue to rise because there is a significant rise in the global market," the expert says.

  • The rise in global oil prices was driven by the introduction of powerful new US sanctions against Russian oil companies and tankers. 
  • The market reacted to these measures, which led to an increase in the cost of oil and, consequently, fuel. 
  • In the coming days, prices for gasoline and diesel at Ukrainian gas stations are expected to rise further.
Recall 
Earlier, UNN wrote that Brent crude oil exceeded $81 per barrel after the US imposed sanctions on Russian energy. China and India are urgently looking for alternative sources of oil supply.


On January 14, the next stage of raising prices at gas stations took place. This was a continuation of the dynamics started by networks last week under the pressure of new excise rates and the soaring of external quotes. Depending on the network and the type of fuel, its cost per day increased by UAH 0.20-2.50.

Another factor in growth is the exchange rate. 
  • Recently, it has no steady dynamics, but since the beginning of the year the dollar on the interbank has been healthy by UAH 0.46 / $ and for lunch on January 14 was UAH 42.42 / $.

The main changes on the ceilings took place in the networks of the middle and lower price range. After adjustment a week earlier the cost of fuel in the premium remains stable.
Light petroleum products
Operators were more active in reviewing the prices for dispal, the excise duty on which increased the most. In addition, European quotations also increased significantly compared to gasoline against the background of oil health. Thus, from January 2 to 13, the average price of diesel in Europe increased by $43/t (1.83 UAH), to $746-757/t (Mediterranean), $754-762 / t (north of Europe).
At the same time, average petrol quotes in the Mediterranean increased by $29/t, or UAH 1.10, in ARA ports — by $14/t, or UAH 0.53.
According to monitoring of the Consulting Group «A-95», the average retail price for diesel fuel from January 6 to 14 added 65 kop./l, up to UAH 53.77, per petrol A-95 — 21 kop. / L, up to UAH 56.07 / L, A-95+ — 16 kop./l.
At UAH 2-2.30, playing excise and even more, he was healthy at the average diesel at VST stations, «Ukr-Petrol», «Olas», «Autotrans». The first network recorded the maximum fuel growth in the country — UAH 3 — in the Khmelnytsky and Transcarpathian regions.
«Parallel», adding to the dispal 1-1.50 UAH / L depending on the region, became even more expensive than premium networks (57.32 UAH / L on average).
Also 1 UAH or more added fuel in BVS, Marshal, «Quorum», «Factor», «Ukrnafta», Ovis, VostokGaz, ZOG, «Catral », Sunoil, Green
Gasoline was — at UAH 1.49 — healthy at AZK «Olas», up to UAH 54.99.
Networks BVS, Marshal, «Autotrans», RLS and «Parallel» increased prices for A-95 by UAH 1. In the rest, this type of fuel was healthy by 40-70 kop./l (see table).
Discounters — «BRSM-Oil» and «Avantage 7» — also revised fuel prices. In the first company, gasoline was healthy by an average of 52 kopecks./l, diesel — at 76 kopecks./l, in the second — at 50 kop./l on each of the species «light ».
During the reporting period, the difference between them and the premium for diesel decreased by 63 kp./l, to UAH 7.4, for gasoline — by 51 kp./l, to UAH 6.11.
At the same time, sharp jump in diesel prices On January 13, it reduced the spread between the band and the fragment. As of January 14, the difference between the band and the fragment on diesel decreased by UAH 1.19, to a minimum from the end of November 2024 -H — UAH 6.05, on gasoline — by 76 kop. / L, to a minimum of UAH 8.18 since the end of July last year.

Stolen gas
Gas continues to become more expensive on the ceiling. From January 6 to 14, its value increased by 46 kopecks./l, up to UAH 36.28 from the beginning of the year — by 90 kopecks./l.
Due to the presence of December residues and low demand during this period, group prices added UAH 570, or almost 32 kop./l (at a density of 556 kg/m3), up to UAH 57,970 (UAH 32.23).
«Avantage» became a leader in rising gas prices, increasing the ceiling in two stages by UAH 1.50, to UAH 34.75. Due to which he lost the position of the network with the lowest price, missing in front of him «BRSM-Nafta», Marshal, «Market» and regional Green Wave, Sunoil, U.GO and «Quorum».
At UAH 1-1.24, the cost of LPG on network ceilings increased «Ukrnafta», Shell, «Parallel», Motto, Marshal, BVS, «Autotrans», Mango, VST and «Catral <TAG In the rest, the price increased by an average of 10-83 kopecks./l.
Due to rising prices for discounters, the difference between them and the premium decreased by 1.22 kopecks./l, up to UAH 3.27.
The spread between the band and the fragment increased by 15 kop./l, to just above 4 UAH.
To keep consumers from rising prices during the low consumption season, network marketers continue to invent different chips. For example, OCCO launched a 60-liter fuel draw on Instagram. Amic continues the tradition of discounts on light petroleum products on the weekend with a loyalty card. The average cost of gasoline and diesel in the network is cheaper by UAH 3.37 and UAH 3.39, respectively.
U.S., Germany strike Nord Stream 2 pipeline deal to push back on Russian  'aggression' | Reuters
Europe on edge as Nord Stream Russian gas link enters shutdown | Reuters

At Ukrainian gas stations, fuel prices rose rapidly

Victor Volokita — January 14, 16:02
At Ukrainian gas stations, fuel prices rose rapidly
From January 7 to 14, the next stage of raising fuel prices at Ukrainian gas stations took place. Depending on the network and the type of fuel, its cost increased by UAH 0.20-2.50 only on January 14.

About it writes industry edition enkorr with reference to the price monitoring data of the Consulting Group "A-95".
The rise in prices was influenced by the increase in excise duties from January 1, group fuel prices and the depreciation of the hryvnia.
gas stations actively revised the prices for dispal, excise duty on which it increased the most. In addition, European quotations also increased significantly compared to gasoline against the background of oil health.
Thus, the average retail price for diesel fuel for the week increased by 65 kopecks per liter – to UAH 53.77, per petrol A-95 – 21 kopecks. (up to UAH 56.07), A-95+ – at 16 kopecks.2)
At the same time at the gas station of the VST networks, "Ukr-Petrol", "Olas", "Autotrans" of the fuel system rose immediately by 2-2.30 hryvnia per liter.
In the Parallel network, prices for this type of fuel increased by UAH 1-1.50, depending on the region. Also 1 hryvnia and more healthy fuel in the networks BVS, Marshal, "Quorum", "Factor", "Ukrnafta", Ovis, VostokGaz, ZOG, "Katral", SUNOIL, Green Wave and RLS.
Gasoline became more expensive at AZK "Olas" – at once at UAH 1.49, up to UAH 54.99.
Networks BVS, Marshal, Autotrans, RLS and Parallel raised prices for A-95 by 1 hryvnia per liter, with other gas station operators this type of fuel rose by 40-70 kopecks per liter.
The average cost of car gas per week increased by 46 kopecks per liter – to UAH 36.28. Since the beginning of the year, this type of fuel has risen by 90 kopecks per liter.
In particular, at the Avantage gas station, car gas prices increased by UAH 1.50 – to UAH 34.75 per liter. At UAH 1-1.24, the cost of a liter of autogas increased in the networks "Ukrnafta", Shell, "Parallel", Motto, Marshal, BVS, "Autotrans", Mango, VST, "Katral". In other networks, the price increased by an average of 10-83 kopecks./l.
Read also: Gas station networks collapsed fuel prices, but only for a few days. What's going on?

Let's remind:

President Vladimir Zelensky in September signed law on raising excise duties on fuel.

The largest network of Aviat car refueling groups, which includes the Avias and ANP brands, is almost disappeared gasoline due to lack of funds for calculation with fuel suppliers.

After Nord Stream, now TurkStream on West's radar? Russian FM Lavrov's  shocking charge against US - The Economic Times Video | ET Now

No comments: