Cabinet approved a draft memorandum with oil traders

The Ukrainian government approved the draft Memorandum of Intent on creating a favorable environment, developing fair competition in the Ukrainian oil product market and meeting consumer needs during the quarantine period and imposing restrictions due to COVID-19.

The corresponding order of the Cabinet of Ministers No. 270 of April 2 was published on the government’s website.

Minister of Economy Igor Petrashko was instructed to sign the memorandum.

The text of the document is not available.

According to the agency “Interfax-Ukraine”, over the past few weeks, representatives of the authorities have been actively negotiating with large networks of gas stations, persistently offering them to lower prices for oil products that have increased in recent months. In particular, for A-95 gasoline, they are advised to set a price of up to UAH 30 per liter.

In turn, large chains are once again demanding to strengthen the fight against the “black” and “gray” markets and to ensure a level playing field.

As a reminder, on behalf of Prime Minister Denis Shmyhal, a campaign to combat the illegal market of oil products has been resumed in all regions of Ukraine.

Earlier it was reported that in Ukraine there is a rapid expansion of the shadow market for petroleum products, which is manifested both in the growing volumes of production at mini-refineries, and in the resumption of the activities of illegal filling stations.