The White House stated that the tariffs do not apply to imports of oil, gas, and petroleum products, but the market reacted with a decline.
UBS analysts revised their forecasts and lowered the expected oil price for 2025-2026 to $72 per barrel. US crude oil inventories unexpectedly rose by 6.2 million barrels, which also contributed to the price drop.
Ukraine imports most petroleum products, so a fall in global oil prices could lead to cheaper fuel. However, the final impact depends on the hryvnia exchange rate, tax policy, and domestic demand. If the downward trend continues, fuel prices may adjust in the coming weeks.
