KYIV, June 27 – Ukrainian Oil & Gas Association estimates the loss of the national and local budgets caused by the shadow petroleum market in 2018 at UAH 10 billion, the president of the association, Nelya Pryvalova, has said during a press conference hosted by Interfax-Ukraine in June 25.

She added that the problem could be resolved by tougher control over petroleum products turnover, in particular through introduction of licensing and enhancement of penalties for illegal fuel trade and storage.