The volume of diesel fuel imports by rail in December 2024 increased by 14.4% compared to the previous month, reaching the highest level since the beginning of Russia's full-scale invasion of Ukraine, according to the analytical report NaftoRynok Daily Fuels & LPG.
Details
In December 2024, rail imports of diesel fuel accounted for 40.1% of the total diesel supply, up from 38.1% in November. This is one of the highest shares recorded in 2024. The peak share of rail imports was observed in January (42.8%).
What Diesel Fuel is Supplied to Ukraine?
More than a third of the imported diesel fuel in December was brought by rail from Poland, produced by PKN Orlen. Supplies originating from the U.S. (from Valero and Marathon refineries) accounted for 16.4% of the rail imports in December.
Diesel fuel from 13 producing countries was imported into Ukraine in December. Approximately 82% of rail-imported diesel fuel crossed the Poland-Ukraine border.
Who are the Largest Suppliers?
The top three suppliers of rail-imported diesel fuel are the operators of the OKKO, UPG, and WOG gas station networks. The top five importers in December 2024 also included the state-owned company Ukrnafta, with wholesale trader Martin ranking fifth. Based in Chernivtsi, Martin accounted for 6% of diesel imports by rail tank cars in December, making it the largest rail supplier among traders.
What is Known About Martin?
The Martin group of companies is an international trader with over 10 years of experience in the petroleum trade. Volodymyr Porayko is a founder. Their offices are located in Kyiv, Chernivtsi, Slovakia, and Bulgaria.
According to NaftoRynok estimates, Martin is among the top ten diesel fuel importers in Ukraine and ranks in the top five for rail imports. The company currently operates two vessels, over 100 rail tank cars, and its own fleet of fuel trucks.
Diesel Fuel Supply Structure in Ukraine Over the Past Two Years
- By rail: from Poland, Lithuania, and Romania.
- By sea: to Danube ports.
- By road: from Poland, Lithuania, and Romania.
At the end of 2024, Martin announced its intention to enter the petroleum retail sector. The first gas station is under construction in the village of Ostritsa, Chernivtsi region.
