⚠️Suspension of KUNA Palyvo project⚠️

Dear Users,

In connection with the introduction of state price regulation of fuel in Ukraine, KUNA has been forced to pause our Tokenized Fuel Coupons project. 

  • Trades of A95X and DieselX tokens are suspended from June 01, 2021.

Withdrawals are available until June 30, 2021 through the WOG PRIDE app

  • The KUNA Palyvo service will cease to operate from May 27, 2021

Yours sincerely,

Kuna

 

For your reference:

On May 14 2021, the Government of Ukraine passed a ruling on the temporary state regulation of fuel prices during quarantine, specifically: imposing a limit on the maximum trade markup of fuel to keep it in line with the average fuel prices: diesel fuel – 7 Hryvnia per litre, and gasoline – 5 Hryvnia per litre.

It has been over 10 years since this type of fuel price regulation was last introduced in Ukraine, which occurred during the government of Yulia Tymoshenko.

Several gas-station networks, notably WOG and OKKO indicated that they will stop selling premium fuel due to the government ruling.

On May 16, 2021 the Ukrainian Ministry of Economic Development, Trade and Agriculture clarified that the government is not concerned with premium fuels, but rather, only those which are classified as ‘socially important’. Despite this clarification, not all filling station networks have resumed the sale of premium fuel.