For the complete report in the Seattlepi.com click on this link
KIEV, Ukraine -- Ukraine's oil businesses have agreed to temporarily cap gasoline prices, the energy minister said Monday, amid a dramatic spike in prices that has alarmed consumers and prompted calls for the government to intervene. Retail prices for both gas and diesel fuel have climbed about 10 percent in the past three weeks in Ukraine, reflecting record high world oil prices and increased tariffs from Russia - a major source of Ukraine's fuel.
Fuel and Energy Minister Yuriy Boyko told reporters that oil companies representing about 60 percent of Ukraine's fuel market agreed to cap retail gas prices at 4.7 hryvna a liter (93 cents) and diesel prices at 4.1 hryvna a liter (82 cents) for this week. He said the government set the caps, taking into account world oil prices and tariffs, as well as consumers' interests. He said that if fuel stations did not respect the agreement, they would be barred from receiving shipments from refineries.
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