The influence of the state reserve on formation of prices in the economy on the market of petroleum products

Abstract

Currently, the issues of oil and petroleum products are very important both in theoretical and practical terms. Of particular importance is the issue of completeness and compliance with the current market conditions of the existing in Ukraine order of formation of prices for petroleum domestic production.

Problems of pricing have always been of interest to foreign scientists such as Kaufman, Gatelli, Marne, Rögnner, Zavada, among Russian scientists – V. Yesipov, V. Tarasevich, who investigated methods of pricing on the basis of the cost method and its adaptation to the conditions of a market economy. Among the domestic scientists, the theoretical foundations of pricing were reflected in the scientific works of I. Lukinov, Y. Plotkina, P. Belenky, A. Melnyk and others who investigated the above problem primarily in the context of the management of costs and results and state regulation, and in particular - in the market of petroleum products.

The rapid growth of oil prices in the world market leads to the need to determine the causes and factors that caused it. Problems of pricing on hydrocarbons are lately relevant both in the domestic market and in foreign ones. This is determined by the special role that oil plays in the world, and the scarcity of hydrocarbon resources, their exhaustiveness. Constant fluctuations in prices on world oil markets complicate the possibility of their forecasting with the purpose of reserving funds in the budget or other state funds to stabilize prices.

As a result of the analysis of the oil and oil products market, it was determined that: the tendency of crude oil trade in the Ukrainian market has been caused by the reduction of oil refining volumes, which, in turn, is caused by the exclusion from the domestic market of domestic fuel imports; the main reason for the unsatisfactory competitiveness of domestic motor fuel is its quality, which does not meet the requirements of modern standards and the price not corresponding to it; low quality motor fuel of domestic production is determined by the prevailing use for its production of low-quality (high-sulfur) import oil; in general, the competitiveness of the domestic oil refining industry is considered low.