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You're reading: Gasoline prices too low, say analysts
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While a car in Ukraine may be expensive, paying for the gas to drive it is not. The latter may make private car owners smile, but it flies in the face of common logic in tax-hungry Ukraine, analysts say.

Like household electricity rates, retail gasoline prices in Ukraine, average only about Hr 1.05 per liter (roughly $1.10 per gallon) – lower even than in oil-rich regions like the Middle East and Russia.

The main reason for the low prices are Ukraine's low gasoline excise taxes, which, Western analysts say, are unconscionable for a country faced with chronic tax collection problems and perennial budget revenue shortfalls.

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