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Ukraine to introduce fuel import duties if Ukrainian oil refineries improve fuel quality

February 18/2011

(Interfax) -- Fuel imports duties will be introduced only when Ukrainian oil refineries considerably improve the quality of the fuel they produce, First Deputy Economic Development and Trade Minister Vadym Kopylov said at a press conference in Kyiv on Wednesday. He said that the ministry had proposed that Ukrainian oil refineries draw up a program on their upgrading to produce high-quality petrol.

"The Economic Development and Trade Ministry has proposed that oil refinery think up and draft a program on the upgrade of refineries to produce the required amount of high-quality petrol for our cars. We're ready to draw up and send the document on the introduction of the duty at once," Kopylov said.

He added that if the program is drawn up, the government is ready to announce the introduction of duties on imports of petrol to stimulate the upgrade of Ukrainian oil refineries. "Today the refineries are mulling the proposal," Kopylov added.

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