The Government has decided to abandon state regulation of fuel prices

As a result of the meeting of the representatives of the Cabinet of Ministers of Ukraine with the fuel market operators, an agreement was reached on the suspension of state regulation of fuel prices. The government hopes that this will allow companies to buy the necessary amount of gasoline and diesel abroad to meet the demand of Ukrainians.
The Minister of Economy Yulia Svyridenko announced this on the air of the national telethon, Firtka writes.
“As a result of today’s meeting of the operational headquarters, it was agreed that the state will suspend price regulation so that operators can saturate the market with the necessary resources,” she said.
The Minister predicts that in this situation, diesel prices will not be higher than 58 hryvnias per liter, and gasoline prices – 52 hryvnias per liter.
Yulia Svyridenko stressed that the state will punish operators who abuse prices. The official hopes that the queues at gas stations will decrease weekly.