Ukrainian Premier Says Petrol Prices Out of Government's Control
Posted on: Tuesday, 30 August 2005, 12:00 CDT
Text of report by Ukrainian television TV 5 Kanal on 30 August
[Presenter] The Ukrainian government has learnt lessons from the spring petrol crisis. [Prime Minister] Yuliya Tymoshenko has said the Cabinet of Ministers will not interfere with the oil market and will not seek to regulate fuel prices. She says the situation is out of the government's control. She blames petrol price hikes on oil monopolists.
[Tymoshenko] Ukraine has no oil of its own. It does not even have its own refining capacity. All this is in private hands and all this is fully monopolized in Ukraine. Two things affect petrol prices in Ukraine. The first one is the sharp and steep increase in global oil prices and the second is monopoly on oil refining systems in Ukraine because the previous authorities made sure that all the oil refining plants ended up in the same private hands, so to speak.
Source: BBC Monitoring Former Soviet Union
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