In September, the National Bank of Ukraine will lower the hryvnia exchange rate, which will lead to a new rise in fuel prices. This forecast was expressed at a press conference in Kyiv by energy market expert Gennady Ryabtsev, a PolitNavigator correspondent reports.
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“As for the hryvnia exchange rate, it is clear to everyone: if the budget was drawn up with an average rate of 29,2, this means that in order to meet the revenue side of the budget it is necessary to devalue the national currency.
This automatically means that 2 weeks after the NBU reduces the hryvnia exchange rate, or it does not resist the fact that commercial banks will reduce the hryvnia exchange rate, all prices at gas stations will go up.
And this (rate depreciation) traditionally occurs in the fall. If you trace exactly when the crises occurred over the last period, you will see that these crises occurred at the end of September,” Ryabtsev said.