Factsheet oil eng

Page 1

THE PRICE OF ENERGY. FACTS

OIL PRODUCTS The price of petroleum products is determined by the market. The rules for retail sale of petroleum products have been approved by the Cabinet of Ministers Decree No. 1442 of December 20, 1997. The market for petroleum products is competitive and unregulated.

FINAL PRICE STRUCTURE AND TRANSPARENCY (average retail prices as of September 29,2017 – 26.07 UAH/l petrol and 23.34 UAH/l diesel) PETROL (95 RON)

DIESEL LOGISTICS COST

LOGISTICS COST

MARGIN, WITH RETAIL GAS STATION COST

MARGIN, WITH RETAIL GAS STATION COST 15,9

2,7

37,2

%

3,6

31,2 44,1

PURCHASING COST

TAXES (EXCISE, VAT)

TRANSPARENCY

15,5

%

Assessment made according to the following criteria: level of aggregation, possibility of verification or comparison, availability of justification / feasibility (for tariffs). The transparency of each element of the structure is assessed as a percentage of the complete transparency and public availability of information, where 100% is the highest indicator.

49,8

PURCHASING COST

TAXES (EXCISE, VAT)

100%

0%

50%

30%

SOURCES OF INFORMATION ABOUT THE PRICE PURCHASING COST

EXCISE TAX

WHOLESALE PRICES FOR PETROLEUM PRODUCTS CAN BE FOUND ON THE WEBSITES OF TRADERS (IN SECTIONS ON WHOLESALE OR SMALL WHOLESALE SUPPLY, PRICE LISTS).

THE EXCISE TAX DEPENDS ON THE EUR EXCHANGE RATE; THEREFORE, WITH THE UAH TO EUR DEVALUATION, ITS SHARE IN TOTAL COST INCREASES. AT THE SAME TIME, THE GOVERNMENT CAN ALSO INCREASE ITS RATE. INFORMATION ON THE EXCISE TAX IS AVAILABLE IN THE TAX CODE, ON THE STATE FISCAL SERVICE WEBSITE.

VALUE ADDED TAX

LOGISTICS COST

VAT IS FIXED AND DEFINED BY THE TAX CODE. AGGREGATED DATA ON VAT PAYMENTS BY COMPANIES IS AVAILABLE IN THE STATE FISCAL SERVICE REPORTS, THE STATE TREASURY REPORTS, FINANCIAL STATEMENTS OF INDIVIDUAL COMPANIES ON THEIR OWN WEBSITES, SMIDA AND E-DATA PORTALS.

THE TARIFF FOR PIPELINE TRANSPORTATION OF OIL AND PETROLEUM PRODUCTS IS SET BY THE NEURC, THE PRICES FOR ROAD AND RAIL TRANSPORTATION ARE NOT PUBLICLY AVAILABLE (EXCEPT FOR THE RAILWAY TARIFF WHICH DOES NOT TAKE INTO ACCOUNT THE MARGIN OF A CARRIER COMPANY).

MARGIN, WITH RETAIL GAS STATIONS COST THE MARGINS OF OIL TRADERS ARE NOT REPORTED, AND THERE IS NO INFORMATION IN THE PUBLIC DOMAIN. ITS APPROXIMATE SHARE IN THE GENERAL STRUCTURE OF THE RETAIL PRICE CAN BE FOUND ON THE WEBSITES OF SPECIALIZED MEDIA.

PRICES ON THE MARKET (average retail prices)

27

Diesel

UAH/USD weighted average exchange rate on the interbank market

Source: Ministry of Energy, National Bank

UAH/litre

Petrol (95 RON)

25

23

21

19 01.02.2017

01.03.2017

01.04.2017

The release of this document was made possible due to the support of the American people provided through the United States Agency for International Development (USAID) under Energy Sector Anticorruption and Fiscal Transparency Initiative in Ukraine (Transparent Energy). The information contained in this material can under no circumstances be considered as reflecting the position of the USAID or the US Government.

01.05.2017

01.06.2017

Transparent Energy Прозора енергетика

01.07.2017

01.08.2017

01.09.2017