Russia’s diesel embargo fails: Ukraine suffers no shortage

Russia’s diesel embargo fails: Ukraine suffers no shortageUkraine is suffering no deficit of diesel fuel after the Russian Federation imposed a ban on exports of this type of oil to our country, Oleksiy Tamrazov, an expert on Ukraine’s oil market and ex-deputy chief of state-owned Ukrgazvydobuvannia, has told.

"Russia has imposed a ban on shipments to Ukraine of diesel fuel and liquefied natural gas. There is no shortage of diesel fuel. The "Russian" resource was replaced with tanker shipments," said Tamrazov.

At the same time, the expert says that the planned repair of a Mozyr Oil Refinery, which is a Belarusian supplier of oil products to Ukraine, led to temporary shortage of liquefied natural gas, which affected the price for the end consumer.

"Just three weeks ago, the price on the domestic market was lower than the import price by UAH 500,” said Tamrazov.

"The situation with the LNG will stabilize in a couple of weeks due to the seasonal decline in demand," he added.

According to UPECO consulting company, on October 21, 2015 the majority of filling stations and gas stations across Ukraine raised the price of liquefied natural gas by 5-60 kopiykas per liter.

Earlier, media reported that since early October Russia has sharply reduced exports of LNG and diesel fuel to Ukraine.

The Russian suppliers explain the halt in deliveries of diesel fuel with the ban imposed by the Russian authorities on imports of petroleum products, which can be used by the Ukrainian army.

Source: UNIAN
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