Glusco Became EBA Member
The National Fuel Company Glusco became the full member of the European Business Association (EBA).
Verkhovna Rada Committee on Taxation and Customs Policy has rejected the amendment to the draft Tax Code providing for introduction of a protective duty for petroleum products import in the amount of 5.5%.
In contrast to the capital, owners of illegal natural gas module stations in Kyiv Region have lost any common sense. This was declared by the Region Governor Oleksandr Horhan at LNG Ukraine 2017, the Ukrainian forum of liquefied gas market.
In his exclusive interview with the Ukrainian bureau Report, Dmitry Kulik, the president of Ukrainian Oil & Gas Association, said that despite the difficult investment and business climate in Ukraine, the State Oil Company of Azerbaijan (SOCAR) continues to strengthen its presence in the Ukrainian oil and gas market.
Ukrainian Oil & Gas Association would like to voice its views on the events of October 4, when “activists” and locals destroyed the OKKO filling station being built on the Revutskogo Str. in Kyiv. In total, 14 people were injured on both sides and facility owners’ property was damaged.
The price for liquefied natural gas has passed its peak, and the market stabilization followed by a pullback of prices is expected in late September to early October.
One of the biggest components of the oil products cost is taxes. When oil prices fell to $ 30 per barrel, the share of taxes in the cost of 1 liter of gasoline became equal to the “oil” price. Currently, 42.7% of the retail price of gasoline and 35% of diesel fuel are for excise and VAT. While speaking about the wholesale price of diesel fuel, for which it is purchased by industry and large […]
In the end of the last year the Antimonopoly Committee fined the largest oil traders in the country for the total amount of UAH 204,325,103 for the alleged “coordinated market behaviour”.