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The dynamics of the petrol market are shaping up amidst geopolitical challenges, with significant impacts on fuel prices and availability. As Ukraine spearheads efforts to establish fair and speculation-free fuel pricing mechanisms, Prime Minister Yuliia Svyrydenko underscores the role of Ukrnafta as a benchmark. Concurrently, Italy's government, led by Prime Minister Giorgia Meloni, is considering a "mobile" fuel tax to counteract price fluctuations triggered by Middle Eastern conflicts. Legislative actions, such as Ukraine's creation of a strategic fuel reserve, are crucial in maintaining market stability. These developments are complemented by reports of petrol shortages and the effects of strategic strikes on supply lines, further shaping the petrol market landscape globally.
How is Ukraine addressing petrol price fluctuations?
Ukraine is addressing petrol price fluctuations through strategic measures such as setting up a strategic fuel reserve. This initiative, backed by legislation, aims to stabilize the energy market by providing a buffer against market volatility and speculative actions, thereby ensuring a more predictable pricing environment.
What are the effects of the Middle East conflict on fuel prices?
The conflict in the Middle East has led to disruptions in oil supply chains, causing significant volatility in global fuel prices. Countries like Italy are considering special measures like a "mobile" tax to manage and curb rising costs, reflecting the widespread impact of the conflict on the petrol market.
What role does Ukrnafta play in Ukraine's petrol market?
Ukrnafta serves as a prominent benchmark for forming fuel prices in Ukraine. By establishing fair and transparent pricing mechanisms, Ukrnafta helps to mitigate speculative pricing practices, contributing to a stable and predictable market environment that aligns with national economic goals.
How are geopolitical tensions affecting petrol availability?
Geopolitical tensions, particularly conflicts and sanctions, have strained petrol availability by disrupting supply chains and logistics. Reports of shortages and strategic strikes further complicate the situation, necessitating robust market interventions and strategic reserves to manage potential crises.
What impact do strategic fuel reserves have on market stability?
Strategic fuel reserves play a critical role in market stability by acting as a buffer during supply chain disruptions. These reserves enable governments to intervene effectively in the petrol market, preventing sharp price spikes and ensuring consistent availability, which is vital for economic stability and consumer confidence.
TOP news petrol
Residents of the Russian capital are queuing at petrol stations: "It’s nightmare, just look at what’s happening in Moscow. I thought this trouble wouldn’t reach us.". VIDEO The widespread fuel crisis, which had previously affected Russia’s border regions and occupied Crimea, has now officially reached the capital of the aggressor state. Major Russian fuel operator "Tatneft" has announced the introduction of strict restrictions on the sale of petrol and diesel fuel... 20 719 58 Previously in trend: Fuel shortage
Gasoline price for Defense Ministry went up by one thousand hryvnia per ton despite global oil prices slump, – journalistic investigation. The Ministry of Defense of Ukraine concluded a number of agreements for the supply of 80 gasoline for the total amount of 212,830,000 hryvnia (about $8,868,000) Oct. 21. 20 004 117 Previously in trend: Fighting corruption in Ukraine Defense Ministry tenders
Russian man complained that he was buying petrol from "Crimean thugs": "It’s first time I’ve carried so much cash in my bag, it’s absolutely terrifying". VIDEO Footage has been published online showing a Russian man filming himself in a car amongst petrol tankers on the temporarily occupied Crimean Peninsula. 14 893 17 Previously in trend: Fuel shortage in the Russian Federation
Humanitarian Aid Stolen and Then Sold in Stores – NSDC Commenting on the Situation in Luhansk Plundered humanitarian aid is sold in stores of Luhansk and gas costs UAH 20 per liter (its average price in Ukraine is 17 hryvnia). At the same time, pensions and salaries are still not paid in Luhansk, ATMs are out of operation. 13 404 54
Russians brawl with rebar and bats over petrol: "Business has ground to halt, tourism is over". VIDEO The fuel crisis in Russia continues to escalate, with Russians increasingly using rebar and baseball bats to determine who gets the petrol. 12 500 50 Previously in trend: Fuel shortage in Crimea Fuel shortage in the Russian Federation
Russian man with knife rushed to slash tyres over queue for petrol: "Man ran out, threatened me with knife and slashed my tyres". VIDEO The fuel crisis in Russia is leading to knife threats over disputes about places in the queue at petrol stations. 12 285 48 Previously in trend: Fuel shortage in the Russian Federation
Fuel tanks burning near Smolensk after train collided with truck: "F#ck, that’s harsh! Truck hit locomotive and it exploded". VIDEO An accident occurred near the Russian city of Smolensk at a railway crossing, after which railway tankers with fuel caught fire. 12 281 35
Female occupier beats up Russian man in petrol station queue: "What are you doing? You’ve lost your f#cking mind, for f#ck’s sake". VIDEO A video has been posted online showing Russians starting a fight while queuing at a petrol station in one of Russia’s regions. 11 476 21 Previously in trend: Fuel shortage in the Russian Federation
Petrol Market is in Shadow, Budget Shortreceived Billions, Kolobov Wrote a Letter to Klymenko In 2012 the state budget did not receive more than 4 billion hryvnia due to the reduction of legal import of petrol and the schemes for tax evasion in the market of motor gasoline. 10 088 30 Previously in trend: Gas Prices Shadow economy
’Soviet Union or what?’ — Russian woman laments over gasoline shortage. VIDEO A Russian woman filmed from a car’s passenger seat laments a gasoline shortage in Taganrog, calling the situation a full-on collapse. 9 616 51 Previously in trend: UAV attack on oil refinery of Russia
In Crimea, sale of fuel to public and businesses has been completely halted: supplies are restricted to occupying state services Today, 21 June, from 9.00 am,petrol stationsin occupied Crimea have suspended the sale of fuel, whether paid for in cash or by card, or using vouchers for individuals and businesses. 9 435 62 Previously in trend: Fuel shortage
Russians are afraid to drive alongside convoy of petrol tankers: "F#ck, we’ve got close to that convoy again". VIDEO Russian petrol tanker drivers keep one hand on the steering wheel and the other on the door handle whilst driving, to be able to jump out of the cab instantly in the event of an attack by Ukrainian drones. 8 762 10 Previously in trend: Strikes on Russian logistics Fuel shortage in the Russian Federation
Two Russians come to blows over place in queue at petrol station: "Bloody hell, look what he’s doing". VIDEO Footage has been posted online showing a Russian woman filming a brawl on her mobile phone over a place in the queue at a local petrol station. 8 681 34 Previously in trend: Fuel shortage in the Russian Federation
Fuel collapse in Russia: 360 petrol stations have already closed, with worst situation in occupied Crimea. VIDEO A fuel collapse is unfolding in Russia: more than 360 petrol stations have closed. According to Russian media, every fiftieth petrol station has stopped selling petrol. 8 670 26
Russian man smiles as he films locals’ altercation over petrol at gas station: "Drama at gas stations. People are f#cking on edge". VIDEO A video showing a Russian man filming an altercation between local residents at one of the city’s gas stations has been published online. 8 628 19 Previously in trend: Fuel shortage in the Russian Federation
Transbaikal resident on fuel collapse 5,000 km from Ukraine: "What f#cking mess, people are about to come to blows". VIDEO A video has appeared online from an outraged resident of the city of Chita (in Russia’s Far East), who showed kilometer-long lines of trucks and passenger cars at a gas station. Russian drivers are forced to spend hours in traffic jams to get limited fuel. 8 143 61 Previously in trend: Striking Russia Fuel shortage
Fuel sales restrictions have been reintroduced at petrol stations in Moscow: Russians are fighting in queues for petrol. VIDEO A video has been posted online in which a Russian woman filmed a dispute at one of Moscow’s petrol stations. 8 124 27 Previously in trend: Fuel shortage in the Russian Federation
Russians get into fight over gasoline at gas station: Two men settled things with their fists. VIDEO A video has been posted online showing a local resident in one of the regions of the Russian Federation filming an altercation between Russians over gasoline. 8 122 22 Previously in trend: Fuel shortage
Cabinet sets maximum levels of trade markup for gas stations when selling diesel fuel, gasoline At a meeting on Friday, the Cabinet of Ministers of Ukraine set for the quarantine period the maximum levels of the trade markup to the average price of diesel fuel - no more than UAH 7 per liter and gasoline - no more than UAH 5 per liter, the press service of the Ministry for Development of Economy, Trade and Agriculture told Interfax-Ukraine. 7 902 29
Yatseniuk orders probe into possible collusion in oil market On Jan. 22, Prime Minister of Ukraine Arsenii Yatseniuk held a meeting on oil market pricing and quality of oil products. 7 842 58
"Kilometer-long line" for fuel in Russia’s Khabarovsk Krai. VIDEO A resident of Russia’s Khabarovsk Krai, located 9,000 kilometers from the Ukrainian border, posted a video showing a "kilometer-long" line at a gas station. 7 800 17 Previously in trend: Drone attack on Russian regions
New gasoline transport rules introduced in Crimea amid fuel shortage: female occupier searches for new canisters. VIDEO A video has been posted online showing a Russian woman complaining about new problems on the temporarily occupied Crimean peninsula, where additional rules for transporting gasoline have been introduced following fuel shortages and queues at filling stations. 7 791 24 Previously in trend: Attacks on Crimea Strikes on Russian logistics Fuel shortage in the Russian Federation
Ukraine is gradually coming out of fuel shortage crisis, - Zelensky Ukrainian President Volodymyr Zelensky believes that Ukraine is slowly coming out of the fuel shortage crisis. 7 779 40 Previously in trend: War
Russian woman on gasoline shortage: "We still have alternative – horses, f#ck.". VIDEO Fuel shortages in regions across the Russian Federation are prompting Russians to joke more and more often about their own ‘petrol superpower’, as filling up a car is becoming ever more difficult. 7 302 38 Previously in trend: Fuel shortage in the Russian Federation
Resident of occupied Donetsk surprised by queue at petrol station: "Wow, so many cars at petrol station, f#ck! Why is that? Some kind of artificial hype". VIDEO A video has been published online showing a queue at one of the petrol stations in occupied Donetsk. 7 203 22 Previously in trend: UAV attack on oil refinery of Russia
Ukrainian drone eliminates occupier carrying fuel canister – only ash remains. VIDEO A Russian soldier was eliminated by a strike from a Ukrainian drone. The occupier was near a treeline in one of the frontline sectors, carrying fuel in a bag to refuel enemy equipment. 6 933 14 Previously in trend: Elimination of Russian occupying forces
Russian uses up last of his petrol searching for fuel, but leaves car at petrol station and goes home. VIDEO The fuel shortage in Russia continues to spread, with Russians increasingly complaining that petrol is unavailable even in Moscow. 6 891 12 Previously in trend: Fuel shortage in the Russian Federation
Russian man’s reaction to kilometre-long queue for petrol in Tyumen: "They’ve gone mad; they’ve brought this country to such shambles". VIDEO A video has been posted online showing a Russian man filming a kilometre-long queue at one of the petrol stations in Tyumen on his mobile phone. 6 455 15 Previously in trend: Fuel shortage in the Russian Federation
Russia’s Energy Minister and husband of Putin’s niece, Tsivilev, on petrol shortage in Russia: "I drive on diesel… Diesel is available at all petrol stations". VIDEO Sergei Tsivilev, the Russian Federation’s Minister of Energy and husband of Putin’s niece, has commented on the situation regarding queues and petrol shortages at Russian petrol stations. 6 337 15 Previously in trend: Fuel shortage in the Russian Federation
Russians brawl over place in line at gas station in Nizhny Novgorod. VIDEO A local resident of Nizhny Novgorod filmed a brawl between Russians at one of the city’s petrol stations. 6 293 26 Previously in trend: Fuel shortage in the Russian Federation
Russian man dragged driver out of his car and started beating him whilst queuing for petrol. VIDEO A video has been posted online showing a scuffle breaking out between Russians over a queue for petrol in one of the regions of the Russian Federation. 6 288 27 Previously in trend: Fuel shortage in the Russian Federation
In temporarily occupied Crimea - petrol shortages, traffic jams and queues at petrol stations. VIDEO There is a shortage of petrol on the territory of the temporarily occupied Crimea, with residents standing in long queues. 6 170 13 Previously in trend: Gas Prices
Fuel from canisters sold for 1,000 rubles per liter in occupied Yalta. VIDEO A video recorded by a driver on the territory of the temporarily occupied Crimean peninsula near Yalta has been shared on social media. The footage shows the vehicle owner, while driving along a dirt road on the approach to the city, stopping near several civilian cars where illegal retail fuel... 6 134 32 Previously in trend: Fuel shortage
Russian man rode horse to get petrol whilst others were queuing for kilometres at petrol station. VIDEO A video has been posted online showing a Russian man riding a horse towards a petrol station in the Russian Federation, bypassing motorists queuing for a kilometre for fuel. 6 012 24 Previously in trend: Fuel shortage in the Russian Federation
Russian woman shows what it’s like to search for petrol in occupied Crimea: up at 4 am, six hours queuing and 290 roubles per litre. VIDEO The fuel crisis in occupied Crimea continues to escalate. Locals now have to get up before dawn to fill up their cars, and wait for petrol for almost the entire morning. 5 838 38 Previously in trend: Oil crisis in Russia
Endless queue at gas station in Saransk: "This is absolute sh#tshow. Look at this queue". VIDEO A video has been posted online showing a Russian man filming an extremely long queue at a gas station in Saransk. 5 549 26 Previously in trend: Fuel shortage in the Russian Federation
Cabinet of Ministers Set Marginal Gas Prices Yesterday during the Expert-Analytical Group of the Cabinet of Ministers new marginal prices for oil products were approved. 5 357 30
Petrol queues in Moscow in middle of night: Russians try to buy fuel at petrol station at 2 a.m. VIDEO Footage published online shows Russians filming long queues at petrol stations in Moscow at around 2 a.m. 5 282 13 Previously in trend: Fuel shortage in the Russian Federation
Queue for gasoline turned into fight: Russians traded punches at gas station. VIDEO Footage has been published online showing Russians filming a fight in a queue for gasoline at a gas station in Russia. 5 037 27 Previously in trend: Fuel shortage in the Russian Federation
Gasoline sales restricted in Moscow, - Russian media A major gas station chain has imposed limits on the amount of gasoline a single customer can purchase in Moscow. 4 502 16 Previously in trend: Fuel shortage
Strikes by Ukrainian Armed Forces on land corridor to Crimea have caused petrol shortage on peninsula. PHOTOS The Ukrainian Armed Forces are striking the land corridor to Crimea: traffic on the "Novorossiya" highway has been disrupted, and fuel shortages are being reported on the peninsula. 4 411 16 Previously in trend: Attacks on Crimea Fuel shortage
In Russia’s Transbaikal region, queue of hundreds of cars stretching 4 kilometres has formed outside "Rosneft" petrol station. VIDEO In the Trans-Baikal Region of the Russian Federation, a queue of cars stretching for around four kilometres has been reported at one of the "Rosneft" petrol stations, against the backdrop of a fuel crisis caused by Ukraine’s strikes. 4 389 22 Previously in trend: Fuel shortage Oil crisis in Russia
Russian man complains that he has been queuing for petrol for two days and hopes to fill up his car. VIDEO A video has been posted online showing a Russian man saying that he has been trying to fill up his car for two days now. 4 298 14 Previously in trend: Fuel shortage in the Russian Federation
Over 50 cars line up at gas station in occupied Luhansk. VIDEO A video has been published online showing a line of vehicles at a gas station in occupied Luhansk. 4 105 17
All illegal petrol stations in Ukraine should be closed by Jan 9 - Honcharuk Ukrainian Prime Minister Oleksiy Honcharuk has instructed the State Fiscal Service and law enforcement agencies to solve the problem with illegal petrol stations by January 9, 2020. 4 073 35
In Russia, "magical" rituals to save fuel are gaining popularity due to gasoline shortage, - FIS Due to gasoline shortages and long lines at gas stations in Russia, magical rituals that supposedly help reduce fuel consumption or even "draw" fuel into the tank are gaining popularity. 3 933 41 Previously in trend: Fuel shortage in the Russian Federation
Due to fuel shortage, Russian military confiscates gasoline from civilians in Crimea At checkpoints in occupied Crimea, Russian soldiers are confiscating gasoline from people. 3 154 15
Two Russians push car in petrol station queue, hoping to buy fuel. VIDEO A video has been published online showing Russians filming local residents pushing a car in a queue at a petrol station due to a lack of fuel. 2 898 14 Previously in trend: Fuel shortage in the Russian Federation
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