Antimonopoly Committee Finds No Collusion in Fuel Market

Pavlo Kyrylenko, the head of Ukraine's Antimonopoly Committee (AMC), during his address to the Verkhovna Rada, stated that the results of the analysis conducted so far have shown no evidence of collusion among fuel market participants regarding price increases. This information was confirmed by a correspondent from Ukrinform who was covering the session.

Kyrylenko emphasized that the fuel market in Ukraine is unregulated, with prices determined solely by market principles. He highlighted that the market shares of participants are such that they completely exclude the possibility of monopolization. This indicates that competition in the market remains active, and no single player has the ability to control fuel prices.

“Investigating violations of competition law is not a tool for regulating the market,” Kyrylenko added, stressing the importance of adhering to competition rules and transparency in market relations.

The head of the AMC also noted that, thanks to government efforts, Ukraine has managed to avoid fuel shortages despite the challenging situation in global markets. According to him, the rise in prices at gas stations is attributed to several factors, including increased demand, reduced supply, rising logistics costs, as well as forecasts of further increases in the cost of petroleum products and the weakening of the hryvnia.

Additionally, it became known that Ukrainian Prime Minister Yulia Svyrydenko discussed the situation in global oil markets with the leadership of Naftogaz of Ukraine. She expressed hope for a decrease in fuel prices in Ukraine in the near future, which could positively impact the situation for consumers.

Amid these events, it is noteworthy that U.S. President Donald Trump also made a statement that the United States agreed not to strike Iran's energy infrastructure and bridges in exchange for a two-week opening of the Strait of Hormuz. This agreement led to a drop in oil prices below $100 per barrel, which could affect global fuel markets, including the Ukrainian market.

On Tuesday, April 7, the average price of A-95 gasoline rose by 13 kopecks to 73.07 UAH per liter, while the price of diesel fuel increased by 42 kopecks to 90.12 UAH per liter. These changes in pricing policy indicate a dynamic situation in the fuel market that requires constant monitoring and analysis.

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