1 Jun 2023 09:44

Rates for oil transit via Ukraine raised by 25% as of June 1

MOSCOW. June 1 (Interfax) - Rates for oil transit through Ukraine are going up by 25% as of June 1.

The new rate for pumping oil through the Druzhba pipeline to Slovakia and Hungary under a contract with Ukrtransnafta is 17 euros per tonne, up from the previous 13.60 euros, Russian oil pipeline monopoly Transneft said on its website. The previous rate was in effect from January 1, 2023, when the rate was raised by 18.3%.

Transneft president Nikolai Tokarev said in an interview with TV channel Rossiya24 at the end of last year that oil shipments along this route in 2023 were expected to be on par with 2022.

"The southern branch of Druzhba, which transports oil through Ukraine to Slovakia, the Czech Republic and Hungary, remains at the previous volumes, since an exception was made for them and they will consume the same volumes they consumed - about 12 million tonnes," Tokarev said at the time.