No fuel shortages or price hikes expected from Russian strikes on facilities - A-95 director

The Russian strikes on oil depots in Odesa region and the Kremenchuk refinery, which took place in recent days, will not lead to a shortage of fuel and will not cause an increase in its price, Serhiy Kuyun, director of the A-95 consulting company, has said.

"The day before yesterday – SOCAR in Odesa, yesterday – Kremenchuk, today Izmail is burning. I hear the question more and more often: what will happen to fuel and its prices? The answer – nothing will happen… Thanks to market pricing, high competition and an extensive system of import supplies, fuel is and will be at market prices," Kuyun wrote on Facebook on Wednesday.

He stressed that the Russian aggressors have already destroyed more than 70 oil depots and all oil refineries, but consumers have not felt a shortage of fuel.

"And that is why the current period is very indicative. Ukraine, which does not have its own oil and refining, is flooded with fuel, while Russia, which has everything and plenty, is currently experiencing a shortage of petroleum products and restrictions on sales at the pumps," the director of A-95 said.

In his column appearing in the ezine Economic Truth (Ekonomicheskaya Pravda), Kuyun explained the shortage of petroleum products in Russia by state price regulation and the lack of import supplies due to excessively high domestic prices. At the same time, he indicated that the Russian media associate the shortage of fuel and the increase in its cost with Ukrainian attacks on Russian oil refining.