OREANDA-NEWS. February 04, 2009. Price hike of petrol and diesel oil in domestic market is caused by the overstated dollar rate against hryvnia. Prime Minister of Ukraine Yulia Tymoshenko declared at a press conference today.

Yulia Tymoshenko explained that oil products are imported to Ukraine and that’s why the hryvnia/dollar rate essentially affects the price fixation for petrol and diesel oil in retail trade.

The Prime Minister stressed that National Bank of Ukraine takes no measures to stabilize the hryvnia rate which should be 6-6.5 hryvnias per dollar. “The Government will do its best to make the NBU carry on such policy strengthening hryvnia,” Yulia Tymoshenko stressed. 

The Prime Minister noted that yesterday, during a special meeting with producers and importers of oil products, the Government had commissioned the State Inspection of Price Controlling and Antimonopoly Committee of Ukraine to study the situation with price fixation for oil products in domestic market within a week. According to her, after completing the revision, AMC will take relevant decisions, in accordance with the current legislation.