KYIV, Oct 1 – Ukraine, one of the world’s largest consumers of liquefied petroleum gas, or LPG, has to adjust its policy by encouraging more gasoline usage in order to keep domestic oil refineries busy, an analyst said Thursday.
LPG is mostly imported from Russia and Belarus, while domestic oil refineries are mostly staying idle due to more favorable taxation of LPG, according to the A-95 Consulting Group.
LPG increased its market share to a world record of 33% in the retail sales of motor fuels, as LPG overall sales are expected to exceed 2 million metric tons in 2020.
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