OREANDA-NEWS. April 06, 2011. The Government will continue the policy aimed at reducing the prices of petroleum products in Ukraine. The Minister of Energy and Coal Industry of Ukraine Yuriy Boyko said this in the telecast "Big politic".

Yuriy Boyko believes, given the sensitivity of all sectors of Ukrainian economy to the cost of oil, the state should regulate fuel prices in the side to reduce them.

"Given the price sensitivity for all industries for all aspects of life of people the Government and the state always strictly monitor the level of oil prices and adjust them downward ", - the Minister of Energy and Coal Industry of Ukraine said.

"I want to point out that all insinuations that oil market itself adjusts the price on fuel and the market itself will make the necessary price for society - is not true.

We will continue this policy, because in front of our eyes very bright example of our neighbours in Turkey, which released the price, hoping the market today have 2 Euros per litter on petrol 95 "- said the Minister.

According to Yuriy Boyko, to regulate fuel the expert-analytical group concerning functioning of the oil and oil products market in regularly mode weekly sets price corridor, which traders don’t have to exceed.

"The expert-analytical group, which meets every week, given the difficult situation, has approved the corridor for this week 9.75 for the 95 petrol", - he said.

According to Yuriy Boyko, the calculations which are carried out by the members of the expert-analytical group, allow to separate the speculative component of traders and apply to violators of agreements antitrust mechanisms.

"The task of the Government is to separate the so-called speculative component in this process. If companies exceed the corridor, which is recommended by the government, we will be very hard to act, just as we were to three companies that have violated, and joined to the cartel conspiracy against oil prices ", - the Minister of Energy and Coal Industry of Ukraine said.