Suspension of fuel supplies from Hungary not to affect prices, says expert

The suspension of fuel imports from Hungary will not affect prices on the Ukrainian fuel market.

This was stated by Director of A95 Consulting Group Serhii Kuiun in a comment to Ukrinform.

“This will not affect prices, which will continue to depend on global market conditions and exchange rates,” he said.

In his Facebook post, the expert emphasized that up to 10% of the fuel came from Slovakia and Hungary, a small amount. In addition, Hungary has already suspended supplies several times, and the Ukrainian market has found ways to replace them.

Also, Hungary is now forced to use its strategic oil reserves and to look for ways to transit Russian resources through Croatia, with prior delivery by sea. The expert noted that the latter supply route is long and expensive.

As reported, Hungarian Foreign Minister Péter Szijjártó announced the suspension of diesel fuel supplies to Ukraine. According to him, supplies will resume only after oil flows resume through the Druzhba pipeline.

According to a statement by Ukrainian Foreign Ministry Spokesman Heorhii Tykhyi, Ukraine is in constant dialogue with the European Commission, Hungary, and Slovakia regarding the transit of Russian oil through the Druzhba pipeline. But the desire of the current Hungarian government to preserve oil supplies from Russia to the country at all costs, contrary to the EU's sanctions policy, resembles the behavior of drug addicts.

On January 27, Russians struck the Druzhba oil pipeline, halting oil transit to Hungary and Slovakia.