Ukraine has exhausted its stockpiles of cheap fuel: prices at gas stations to rise to around €2 per liter

Ukraine has exhausted its accumulated stockpiles of cheap fuel, and prices at gas stations will begin rising in the coming days.

This was stated by Serhiy Kuyun, director of the consulting company A-95, on air at Novosti.Live, as reported by Delo.ua.

According to Kuyun, global oil prices began rising at the start of July, and on July 20 a mass price increase took place at Ukrainian gas stations. Until that point, the market had been sustained by cheaper stockpiles accumulated in advance.

“That is, for almost three weeks we held on precisely thanks to stockpiles that were cheaper. But those stockpiles are now exhausted. We will be operating entirely hand-to-mouth, and given high demand, a very tense period awaits us,” Kuyun forecast.

The expert also warned of possible logistical difficulties. A significant portion of fuel enters Ukraine through European ports from third countries, but neighboring states may complicate supplies.

“We buy a lot of fuel at ports — meaning we import it from third countries through European ports. For example, in March we had a precedent when Poland shut off our supplies, and Romania shut them off too. I think some new ordeal awaits us. It is likely that it will be difficult to buy from our traditional sources and we will have to look elsewhere,” the expert suggested.

At the same time, Kuyun stressed that there will be no fuel shortage in Ukraine — the issue is exclusively one of price. In his assessment, within a week prices will rise to 93 hryvnias per liter, with the first increases of 5–6 hryvnias expected in the coming days.

“We’ll find the fuel — it’s a question of price. We will simply need to offer much more than, say, the Poles,” Kuyun noted.

The expert had previously warned that gasoline and diesel prices at Ukrainian gas stations would rise in the coming weeks in increments of 2–3 hryvnias and could exceed the psychological threshold of around €2 per liter. The only stable segment remains autogas, demand for which is minimal.