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Oil market

Hryvnia devaluation provoked increase of wholesale fuel prices

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The drop in the hryvnia exchange rate has provoked an increase of prices of oil products in the sector of the large wholesale, reported OilNews with reference to the A-95 Consulting Group.

Thus, on November 6, the prices on the rail shipments of A-95 gasoline increased by UAH 550 (US $38.87) per 1 t, of diesel fuel — to UAH 180 (US $12.72) per 1 t.

As Capital reported, on November 5, the National Bank of Ukraine lowered the official exchange rate of hryvnia against dollar to UAH 13.497/ US $1, and the interbank foreign exchange market closed at UAH 13.99/ US $1.

At that, on November 6, NBU renewed its historic low of the national currency exchange rate decreasing it to UAH 13.95/ US $1. As of 03:00 pm, the interbank foreign exchange market fell to UAH 14-14.35/ US $1.

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