Expert explains why fuel prices may surprise Ukrainians in December.
28.11.2024
1081

Journalist
Shostal Oleksandr
28.11.2024
1081

Experts predict that by the end of 2024, fuel prices will rise by 9% and remain at this level in the following year. However, fuel market expert and director of the consulting company 'A-95' Serhiy Kuyn doubts such a forecast.
Kuyn notes that the current average price of fuel is 53 hryvnias per liter. Therefore, according to him, a 10% increase would mean an additional 5 hryvnias to the price of 1 liter of fuel.
'I don’t see why fuel should become more expensive by 5 hryvnias per liter today. Crude oil should cost 90 dollars per barrel, not 75 dollars as it is today. Or something else must happen,' says Serhiy Kuyn.
The expert also adds that December is traditionally a period of falling fuel prices due to holiday promotions and reduced demand.
'Usually, for us, December is the last month of active consumption before winter, January, and February, which are always, as they say, 'dead' months. December, on the contrary, is the most 'alive'. Therefore, prices usually drop due to numerous promotions and efforts to sell before the holidays,' predicts the expert.
Thus, Kuyn believes that there may be pleasant surprises in the Ukrainian fuel market in the form of falling prices, rather than rising.
Read also
- "Putin needs a triumph": Arty Green explained why Russia is rushing to end the war with Ukraine
- Putin is running out of quality troops - Ukrainian Armed Forces officer Arty Green on the limits of Russia's military power
- Ukraine reduced goods exports in January - State Statistics Service
- Peacekeepers in Ukraine are possible despite Russia's position - former head of NATO Strategic Planning Staff
- Russian special services behind the arson of the IKEA store in Vilnius
- The medical forces of the Armed Forces of Ukraine calculated how many mobilized have already become officers