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Ukraine Increases Oil Transit Fees on Friendship Pipeline Yet Again

Hungary Today 2023.06.02.

Ukraine has increased the transit fee for oil shipments, the rise was, however, still less than originally planned. Under the amendment, the price has been increased by 25 percent to €17 per ton, Világgazdaság reports.

Kiev had already raised the fee for oil transported through the southern section of the Friendship Pipeline in January, when it became €13.6 per ton. Previously, the Ukrainians had proposed a 100 percent increase for now, but eventually only a 25 percent increase was implemented.

According to the Russian portal Interfax, the price change mainly affects Hungary, the Czech Republic, and Slovakia.

In an earlier interview, Russian oil pipeline company Transneft’s President, Nikolay Tokarev, said that despite the increase in transit fees, the same volume is planned to be transported on the pipelines in 2023 as was secured in 2022. This was also based on the fact that countries reached by the southern pipeline, including Slovakia, the Czech Republic, and Hungary, have not indicated that they need less oil.

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Featured photo via Pixabay


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