Fuel prices will rise until the end of 2023, but will stabilize next year. This is stated in the NBU's October 2023 "Inflation Report".

According to the report, fuel price growth was expected to resume (by 6.2% in September), primarily due to the return of full taxation (the NBU estimates that this had a direct contribution of about 0.7 percentage points to the change in the Consumer Price Index in 2023), as well as rising global oil prices.

In the short term, fuel price growth will accelerate, which will also have an indirect pro-inflationary effect on the cost of other goods and services, the NBU predicts.

"Starting next year, fuel prices will stabilize due to a gradual decline in global oil prices," the review says.