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Last year, Ukraine’s energy sector delivered ₴115B to the budget.

Ukraine has launched five more wells and increased the number of foreign gas contracts to 130.

News from Ukraine's gas production sector.

This total refers to contributions from the payment of excise duty and rent of energy sector enterprises, which are 17% more than in 2022, reported DiXi Group.

It is noted that the taxpayers remitted the most significant amount through the excise duty – ₴60.83B, where ₴53.89B came from rent payments. The largest increase in revenue for the year was from the excise tax on fuel: revenues from the sale of petroleum products produced in Ukraine increased by 300% while tax revenue from the sale of fuel imported from abroad increased by 170%.

The revenues from the transportation of oil and oil products through pipelines increased by 61%, from oil production by 34%, and the use of water for hydropower needs by 29%.

The biggest drop was shown in the income from the rent for natural gas production (35%). Income from rent for gas condensate production decreased by 4%.

The rental income for subsoil use of the continental shelf decreased significantly from ₴15.1M to ₴1,500. These losses are related to the temporary occupation of most of the shelf deposits.

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