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The Antimonopoly Committee of Ukraine expects reduction of prices on gasoline in the retail market

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the competition authority warned the oil market participants that it will closely monitor the prices and recalled that the previous investigation into the overstatement of prices for gasoline is still not finished.

The Antimonopoly Committee of Ukraine expects reduction of prices on gasoline in the retail market

In the Antimonopoly Committee of Ukraine (AMCU) forward the responses of the participants of the oil market, the sharp decline in world oil prices, which began on Monday as a result of Russia's withdrawal from OPEC+.

the price of oil underwent a major collapse since 1991, 30%, reported in AMC. It noted that to expect the same rapid decline of prices at filling stations is not necessary - after all, between crude oil and road tank has a variety of units - transportation-processing-again transportation of gas stations and the like.

However, the AMC believe that after the fall in oil prices, gasoline prices, though slowly, but should fall.

"Therefore, the Antimonopoly Committee of Ukraine will closely study the dynamics of prices in the retail market of petroleum products. Because the price of not only crude oil, but also a large wholesale gasoline and diesel fuel will significantly decrease. And the level of retail prices should be correlated with changes in the factors affecting their formation", - stated in message.

Recall that in December last year, after obtaining recommendations of the AMCU, the largest participants of the market of oil reduced prices on gasoline and diesel fuel. However, the Committee was forced to begin an in-depth study of this market, because did not see sufficient justification installed on gas station prices. The study is still continuing, said the AMCU.

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