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

March 25, 2023

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 Russia Desk leads The Eastern Herald's coverage of Russia, the war in Ukraine, NATO's eastern flank, and the post-Soviet space. The desk has reported continuously on the Russia-Ukraine conflict since its full-scale expansion in February 2022 and verifies through Kremlin statements, NATO briefings.

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