What will happen to the price of fuel after the rapid fall of the hryvnia

For example, the price of liquefied gas has a chance to stay at the current level.

Growth of the official dollar rate at once by 25% will not have a drastic effect on the price of fuel, however, there will be no further expected decrease in the price of gasoline, said the expert, director of “Consulting Group A-95” Serhiy Kuyun.

“The calculation based on the state regulation formula shows that the current prices at gas stations have every chance of holding without an increase. This will also be facilitated by the decrease in world prices for oil and oil products, which was observed in July,” he wrote on his Facebook.

At the same time, Kuyun noted that his morning forecast of a possible increase in the cost of fuel at the current exchange rates currency by +10 hryvnias/l to the prices of gasoline and diesel fuel and 5 hryvnias for liquefied gas was based on the average customs prices for gasoline and diesel fuel in July and was more related to the profits of importers.

“It is not the price on gas station shelves that will increase, but the purchase price from the importer. What happens next. Unfortunately, we will have to forget about the expected decrease. In effect, the currency adjustment will eat into traders' surplus. But, it seems, not only”, he noted.

In particular, the expert predicts that the price of liquefied gas may stabilize at current levels (30 hryvnias/l), because the currency factor has had the least impact on it. But gasoline within 52 hryvnias/l cannot be kept.

“The range of UAH 55-57/l is more likely,” Kuyun notes, adding that much will depend on the government's actions.

In turn, the National Bank stated that the correction of the official exchange rate of the hryvnia will lead to an increase in the general level of inflation by 2-3 points, and for fuel growth it will be 0.6-0.8 percentage points.

< p>As Deputy Chairman of the NBU Serhii Nikolaychuk noted at the briefing, the higher official exchange rate means that importers will buy the currency “more expensively” and therefore include it in the final prices of goods.

We note that the price of A-95 gasoline at gas stations in the Kyiv region ranged from 50 to 52 hryvnias per liter, diesel was sold in the range from 53 to 57 hryvnias, and liquefied gas at 30-33 hryvnias per liter.

incredible debts and a rapid reduction in foreign exchange reserves. But the government still does not recognize that we have serious problems with the economy. or the economy of crisis?”.

Based on materials: ZN.ua

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