Ukraine Has Enough Diesel For March, But April Uncertain, Says Consultancy
Adedokun Waliyu
1 min read
Ukraine’s diesel market is supplied through to the end of March, and daily imports have risen by 3% to nearly 17,000 metric tons, but supplies for April are uncertain amid rising prices, analysts at Enkorr consultancy said on Monday.
After Russian missile strikes virtually destroyed Ukraine’s domestic refining capacity, the country became almost entirely dependent on imported fuel, sourcing supplies from western, central and southern Europe.
At the current pace of imports, the monthly total could reach 522,000 tons in March, almost the same volume as in March 2025.
However, there is no clarity on the situation in April, with suppliers delaying decisions until the last moment, Enkorr said in a report.
Ukraine’s energy ministry did not immediately respond to a request for comment.
“Talks are ongoing, but so far no one is naming specific volumes, guarantees or, let alone, premiums,” the consultancy quoted one trader as saying.
Another trader added that wholesale diesel prices had jumped by nearly 50% in less than a month because of the Middle East war. There are concerns of further increases if the war persists.
Ukraine’s deputy economy minister told Reuters last week that the country could boost rapeseed plantings by a third to 1.5 million hectares if the conflict in Iran drags on, as soaring global fuel prices lift demand for biodiesel feedstocks.
