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Arseniy Yatsenyuk awaiting decision to reduce oil prices
16.10.2014 | 15:22
Department of Information and Communication of the Secretariat of the CMU

Prime Minister of Ukraine Arseniy Yatsenyuk expects a decision of vendors to lower prices for petroleum as a result of the global tendency to reduce the cost of oil products. The Head of Government said at the Cabinet meeting on Thursday, October 16.

Arseniy Yatsenyuk reminded that throughout last few weeks there is observed falling of oil prices, "In the global markets oil prices have reduced by 24%. For the world and Ukraine this news is good, but for Russia this news is not very good".

Meanwhile, according to the PM, oil prices influence the basic prices for all energy resources as well, including gas, So, presently the world tends to reduce the cost of energy resources globally as well as the price of a primary energy resource, which is oil.

Arseniy Yatsenyuk informed that morning he had held talks with representatives of the main companies that deal with trade in crude oil and refined products in Ukraine, I expect their decision on certain reducing of the cost of petroleum in Ukraine to correspond with the global tendency. Till now I have just promises, but I can believe only when I see price tags in fuel stations.

"I appeal to the Antimonopoly committee of Ukraine to support our traders in oil products, importers to fix fair and competitive prices for oil and refined products, the Head of Government stressed.

Arseniy Yatsenyuk also expressed hopes that tax innovations will afford to increase oil and gas production in the following year, So, now we are holding consultations with the foreign investors to find out what tax novelties and additional incentives they need to facilitate us improving the domestic production of oil and gas.


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