Saturday, July 16, 2011

The gasoline crisis in Russia should be a lesson Azarov - expert

The Ukrainian government should draw lessons from the fuel crisis in Russia and not repeat the mistakes of the neighboring country. Insist on it by experts of the Ukrainian market of petroleum products director of consulting company A-95 Sergei Kuiun noted that the reason for Russia's gasoline crisis is the excessive administrative interference in the Kremlin's oil products market. That is, according to experts, prompted market participants to active selling fuel abroad, because of what the government had half as much to raise the export tax on gasoline. In an interview with Deutsche Welle Kuiun said he does not expect significant consequences for the Ukrainian fuel market by raising taxes. Ukraine buys from its northern neighbor mainly oil and diesel fuel. Nevertheless, the expert believes that the events in the gasoline market in Russia should be a warning to the Government of Mykola Azarov, who "can not stop administrative interference in the Ukrainian market of petroleum products." Sergei Kuiun sure that government pressure on the importers of motor fuel is not justified even for the reason that they raise prices as fast as the Ukrainian refineries their wholesale prices. Besides the export of petrol in Ukraine - only 30-40%. According to director of consulting company, A-95, is considered the best indicator. Rising fuel prices Kuiun explains the fact that Ukrainian petrol at 90% of imports, mainly of Russian oil, which is constantly going up after the price shocks of the "black gold" in world markets. Recall from 1 May in Russia export tax is set at 408.3 dollars per ton, instead of April 283.9 dollars. Raise taxes preceded petrol shortage at the gas station.

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