April

Pricing in Ukraine’s retail market for petroleum products draws close attention from both consumers and public authorities. Telling facts in this sense are meetings of the President with representatives of filling station chains or the AMCU’s in-depth analysis of actions of petroleum products market participants, which the agency started in January of this year.

If implemented, the preliminary agreement of OPEC+ countries will allow to somewhat stabilize oil prices in the nearest few months, but it remains to be seen whether it will restore the balance of demand and supply in the market.

Back in 2016, the Verkhovna Rada of Ukraine passed the Environmental Impact Assessment Law. From the very beginning, the implementation of this legislative act has bumped into obstacles: the law was vetoed after an appeal by the Association of Pig Breeders of Ukraine, whose representatives believed that it would bring their industry to a standstill.

Today’s situation in the global oil market is a “perfect storm” for oil producing countries, but for countries importing petroleum products, it presents an opportunity to stock oil on the cheap.

On 1 May, Ukraine may become one step closer to a competitive gas market. At least, the government declared the intention not to prolong the Regulation on Placing Special Obligations (PSO) in the gas market, which regulates prices for households and heat generating companies.