The shadow fuel market in Ukraine has nearly halved since the Russian invasion began, Serhiy Kuyun, director of the A-95 Consulting Group, reported during a briefing at the Media Center Ukraine. “This contraction has resulted from unforeseen factors—not from the actions of tax authorities, law enforcement, or regulatory changes, but rather from the destruction of … Read more
Ukraine’s Verkhovna Rada passed a bill on the phased increase of excise duty on motor fuel with 231 votes, MP Yaroslav Zhelezniak reported on Telegram on Thursday. The bill is to come into effect on September 1, 2024. “The Parliament passed bill No. 11256-2 on increasing the excise tax on fuel. The LPG amendment (No. … Read more
Russian attacks on Ukrainian oil storage facilities and oil refining infrastructure facilities will not negatively affect the operation of the domestic fuel market. “In operational terms, these attacks do not produce any results – there was and will be fuel. Today this is one of the few points of support,” Director of the A-95 consulting … Read more
The Verkhovna Rada supported at the first reading and adopted as a basis bill No. 11256-2 on increasing excise tax rates on motor fuel from July 1, 2024, which does not imply a sharp increase in the excise tax on liquefied gas (LPG). “This is the old Cabinet version of the law,” MP Yaroslav Zhelezniak … Read more
PJSC Ukrnafta increased the volumes and expanded the geography of imported fuel supplies from global producers to the country in 2024, the company’s press service reported on Facebook. According to its data, if last year the company imported fuel from the United States, Sweden, Poland and Greece, then in 2024 the import of large wholesale … Read more
President of Ukraine Volodymyr Zelensky signed law No. 7668-d on the return of excise taxes on motor fuel. According to data on the website of the Verkhovna Rada, the law was sent to the president for signature on September 26, and returned with a signature on September 28. As reported, in March 2022, the parliament, … Read more
The Cabinet of Ministers has tabled in the Verkhovna Rada a bill on the abolition of preferential tax rates for fuel. Yaroslav Zhelezniak, first deputy head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, wrote this on Telegram. The text of the bill has yet to be published but, according to Zhelezniak, the … Read more
Ukraine, with the help of Western partners, has managed to significantly increase fuel imports from EU countries, as a result, in May the country will receive 350,000 tonnes of fuel via completely new logistics routes, the Ministry of Economy has said on its website. “In March-April 2022, measures were introduced that made it possible to … Read more
The Ministry of Infrastructure of Ukraine and the Ministry of Infrastructure and Development of Poland have agreed to cancel permits for all carriers engaged in international transportation of fuel, the press service of the Ministry of Infrastructure reported on Friday. “Russian missile strikes on oil refineries and oil depots have created a critical situation in … Read more
The Cabinet of Ministers of Ukraine has allowed the circulation of fuel of Euro-3 and Euro-4 emission standards, the press service of the Ministry of Energy reported on Thursday. The changes have been made to the technical regulations for the requirements for motor gasoline, diesel, marine and boiler fuel, approved by Resolution No. 927 dated … Read more