The price of Ukrainian oil decreased by almost 39%

The actual price of oil and condensate, used in determining the subsurface use fee, in March 2020 amounted to 5 912.8 UAH/ton, which is 38.7% less than in February 2020 (9 647.84 UAH/ton), Interfax-Ukraine reports.

In January 2019, the actual price of oil and gas condensate amounted to 1 296.25 UAH/ton, in February – 12 472.35 UAH/ton, in March – 13 074.96 UAH/ton, in April – 13 840.41 UAH/ton, in May – 13 806.3 UAH/ton, in June – 11 720.05 UAH/ton, in July – 11 524.02 UAH/ton, in August – 10 934.08 UAH/ton, in September – 10 744.39 UAH/ton, in October – 10 498.64 UAH/ton, in November – 11 008.82 UAH/ton , in December – 10 944.35 UAH/ton.

In January 2020 – 11 114.47 UAH/ton, in February – 9 647.84 UAH/ton.

To recap, Ukrtransnafta transported 1.6 million tons of oil in March.

Ukrnafta withdrew its offer of tax holidays for oil companies. Earlier, the company asked the government and the president to introduce tax holidays, or temporary changes to the Tax Code, which would temporarily reduce rental rates for oil and condensate from the current 31% to 6% due to falling demand for oil.

Tags: The Cabinet of Ministers, Naftogaz, contracts, oil, hydrocarbon production, tariffs, legislation, The Minystry of Energy and Coal Mining, Ukrtransnafta, Ukrnafta, добыча нефти, drilling, foreign affairs, Зеленский, taxes, unbundling, Kremenchuk refinery, oil products, oil deliveries, well, field, gasoline, Shmyhal, quarantine

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