KYIV, Jan 23 – Oil price hikes in the world in 2018 could result in growth of the costs of fuel in Ukraine by 22-24% on average and the cost of natural gas by 8-11%, the ICU investment group has said.

"Oil prices have reached new levels. This is the key factor of higher prices of gasoline, diesel fuel and other fuel in Ukraine this year. With the weakening of the hryvnia, higher prices of oil would result in the increase in the prices of fuel by 22-24% on average compared with 2017," financial analyst at ICU Group Oleksandr Martynenko told Interfax-Ukraine.