In the first decade of October, the price of oil on the European market increased. The growth was about 8%. The increase in oil prices in the world was facilitated by the strikes that ended this weekend in Norway, which led to a decrease in oil production by 330 thousand barrels per day and another hurricane in the Gulf of Mexico, also affected a temporary reduction in oil production.
It should be noted that the world economy is now not in the best condition due to the consequences of the COVID knockdown, while the number of new cases of infection in the world is growing very rapidly - therefore, such information does not provide optimism to market participants. This factor will put pressure on world oil prices for a long time.
Following the rise in oil prices on the European market, there is a gradual rise in gasoline and diesel prices. Gasoline prices increased by 6%, or $ 23 per tonne, and diesel prices by 10%, or $ 31. Taking into account the excise tax and VAT, the price increase is 1,050 hryvnia for diesel fuel and 770 hryvnia for gasoline. This, in turn, creates the preconditions for raising prices on the domestic wholesale market of Ukraine by 0.6 hryvnia per liter for A-95 gasoline and by 0.9 hryvnia per liter for diesel fuel.