Experts predict a stabilization of prices of petroleum products in late January - early February

Experts predict a stabilization or decrease in retail prices for light petroleum products in late January - early February 2010.

told Ukrainian News Director of Science and Technology Center “Psyche” Sergei Sapegin, this is due to the imminent warming and the consequent drop in consumption of petroleum products on world markets.

In addition, Ukraine has continued fairly stiff competition in the retail segment.

inflator for the domestic market could be the beginning of the country levying 100% export tariff rates of raw materials and finished oil products exported from Russia to Belarus (Belarusian petroleum products today for Ukraine is not a contract).

In addition, the global economy is slowly emerging from a recession that, in particular, reflected in rising oil and petroleum products in the U.S., continued job losses and reduced purchasing power, which is also likely to be characterized by declining world prices.

The expert also noted that the main factor that led to higher prices for petroleum products in Ukraine in early 2010, is their reaction to the rise in world quotes

last due to the increased consumption of petroleum products due to low temperatures and the aftermath of bad weather, as well as the preparation and conduct of the Christmas and New Year holidays.

“These factors have also worked to raise world prices and Ukrainian prices followed after them,” - said Sapegin.

Another reason for rising prices in the retail segment he called the instability of the hryvnia against the dollar.

“It appears that the increased value of the dollar, as well as risks associated with the expectation of further weakeninghryvnia laid sellers in the price of oil”, - he said.

In turn, Director of Consulting Group “A-95 Sergei Kuyun also noted that the increase in petrol prices is due, in particular the rise in oil prices and oil on the world market (for the month from 11 December to 11 January the price of oil increased by 14,4% to 80 dollars /barrel).

“As the Ukrainian market is tightly tied to the world as the price of imported oil and the price of imported oil in January began the process of synchronization of prices at the gas station with the new purchasing prices for crude oil and petroleum products,” - he said.

According Kuyun, given the protracted nature of the increase, will be held in January under the sign of this synchronization.

“Given that before raising retail prices, they stood at 7.99 and 5.65 hryvnia per liter petrol A-95 and DT, respectively, we can predict that the price of petrol A-95 to the end of the month will be an average of 7.70 hryvnia per liter, diesel fuel - up to 6.45 hryvnia per liter, “- expert predicts.

projected former director of the Department for oil, gas and petrochemical industry of the Ministry of Fuel and Energy Leonid Kosyanchuk in the near future should not expect any severe price fluctuations in the retail segment, which is associated, including the political situation in Ukraine.

“Rather, all prices will be on the same level. I do not think that operators will start any sharp movements in the situation that has arisen,” - he said.

According Kosyanchuk, significant changes in the market can only start in the second half of February.

As earlier reported, the average retail prices for light petroleum products remained in Monday, Jan. 18, compared with Friday, 15 January, at the level 6,3-7,47 hryvnia per liter.

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