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24.07.2014

Belarus sharply reduces petrol supplies to Ukraine 32

9:51, — Economics
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Belarus sharply reduces petrol supplies to Ukraine

Ukraine looks for alternative ways to import fuel.

Privat Group with Ihor Kolomoyskyi as one of its main shareholders suspended the sales of fuel at most of its 1,600 petrol stations on July 23. Taking int o account the fact that Privat Group controls 22% of the country's filling stations, the simultaneous suspension of work of Privat's stations led to queues for fuel in a number of regions. The official version for the step is making an inventory at the group's petrol stations, LIGABusinessInform reports.

However, experts explain it with a sharp reduction of fuel supplies from Belarus.

Privat Group really lacks petrol due to the sales growth and the reduced import from Belarus, Oleksandr Sirenko, an analyst at Upeco consulting company, says. Belarusian companies are now more focused on the Russian market. It made Privat Group reduce the sales of imported fuel by more than 50% in the last few weeks.

Privat Group has to look for alternative channels of supplies due to the lack of fuel.

They expect several tankers to arrive in the nearest time, Sirenko says. It is rather hard to buy fuel in other ways. All importers are deluged with requests.


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