Ukrainians are forced to economize, and that trend continues, experts say. This forces dealers to increase their portfolios in the number of models with diesel engines, and oil refiners - to invest in the production of higher quality diesel fuel.
According to Vice President of Sales, Trading and Logistics, TNK-BP Commerce Elena Alekseeva, during the first half of the year, sales volume of diesel fuel grew by 5.5% in Ukraine, while sales of gasoline fell by 1.5%. As it was noted by the TNK-BP, the trend in the Ukrainian market follows the European - EU sales of diesel fuel in six months increased by 4.5%, while sales of gasoline fell by 1.3%. At the same time in CIS sales of gasoline increased by 4.3%, while sales of diesel fuel fell by 6.8%.
Growing demand for diesel fuel encourages investment in refining. Earlier this year, Lisichanskiy refinery produced a trial batch of diesel Euro 5. Kremenchug Oil Refinery (Ukrtatnafta) announced the completion of reconstruction, which will allow the plant to produce fuel with a sulfur content of 0.005%.
According to Elena Alekseeva, investment needed to improve the quality of petrol and diesel to Euro-5 is about $ 100 million, part of which - about $ 40 million - the company has already invested. The total volume of investments in the next ten years will be $ 1.1 billion.
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