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Kiev for the second time since the beginning of the year raised prices for oil transit

March 25, 2023
1 min read

Ukraine, for the second time since the beginning of the year, raised the price of oil transiting through the Druzhba pipeline to Slovakia, Hungary and the Czech Republic, reports Kommersant.

As indicated, the transit price doubled suddenly, to €27.2 per ton. Previously, the tariff had increased by 18.3% to €13.6 per tonne. At the same time, Russian oil remains a more profitable option for the above countries. The new rates will come into effect on April 1. Kiev explains them by the need to restore the infrastructures destroyed during the hostilities.

At the same time, according to Kommersant, Kiev also needs to coordinate the issue with oil beneficiaries.

Igor Yushkov, an expert at the Financial University of the Government of the Russian Federation, noted that the increase in the tariff would fall entirely on buyers, since the cost of pumping is included in the price of oil.

Russia Desk

Russia Desk

The Eastern Herald’s Russia Desk covers Russia, the Russia-Ukraine war, Russian foreign policy, NATO-Russia relations, Eastern European security, the Baltic region and major geopolitical developments involving Moscow and its neighbors.

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