Import of petrol. Photo: depositphotos.
In the period from January to September 2024, Ukraine imported 919.5 thousand tonnes of petrol, which is 6% less than in the same period last year. This indicates significant changes in the fuel market, which were the result of various factors, including logistical problems and economic challenges, TimeUkraineIsrael portal reports with reference to Enkorr.
Changing logistics: Switching to rail transport
More than 64% of petrol supplied to Ukraine was delivered by rail. The volume of this mode of transport increased by 44%, reaching 590,500 tonnes. This demonstrates the growing efficiency of rail transport in an environment where road transport suffered significant losses.
Reduction of imports by petrol tankers
At the same time, petrol imports by road decreased by 31% to 220 thousand tonnes. The main reason for this decline was the strikes in Poland that lasted from 6 November 2023 to 22 April 2024. As a result, Poland lost almost 86% of its road transport of fuel, which was replaced by rail deliveries.
Decrease in supplies from other countries
The supply of petrol by road from Bulgaria (-59%), Slovakia (-58%) and Latvia (almost 100%) decreased significantly. These changes also indicate the need for Ukrainian importers to adapt to new market conditions.
The western direction becomes dominant
In 2024, the western direction of petrol imports increased by 22% (498 thousand tonnes), while the southern direction lost 26% (421.7 thousand tonnes). The southern direction lost volumes due to a sharp decline in supplies from Greece, where no imports were made in the first half of the year. Only at the end of the year was the market able to partially restore supplies due to preparations for an increase in excise taxes on 1 September.
Lithuania: A successful petrol supplier
Lithuania plays a significant role in petrol imports, with supplies from the country increasing by 40% to 161.2 thousand tonnes. In September, the city of Mazeikiai became the largest supplier of petrol, with a volume of 35.2 thousand tonnes (+38% compared to August). Lithuanian suppliers remain popular due to their historical ties with Ukrainian counterparties and the high reputation of Lithuanian fuel, emphasises Sergey Kuyun, Director of A-95 Consulting Group. Competitive prices are also a key success factor.
Import of diesel fuel
Imports of diesel fuel are equally important, with volumes totalling 4.83 million tonnes in the first nine months of 2024, up 7% year-on-year.
