The 1992 season was FC Bukovyna Chernivtsi's 35th season in existence and the club's 1st season in the top flight of Ukrainian football. In addition to the domestic league, Bukovyna Chernivtsi participated in that season's edition of the Ukrainian Cup. The season covers the period from 1 January 1992 to 17 June 1992.

Squad at end of season^[1][2]

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.

No. Pos. Nation Player — GK  UKR Ihor Krapyvkin — DF  UKR Serhiy Sobotyuk — DF  UKR Oleksandr Voytyuk — DF  RUS Vitali Markov — DF  UKR Yuriy Makhynya — MF  UKR Vasyl Zadorozhnyak — MF  UKR Leonid Fedorov — DF  UKR Asan Mustafayev — FW  RUS Valery Alistarov — MF  UKR Vitaliy Mintenko — MF  RUS Aleksandr Kislyakov

No. Pos. Nation Player — FW  UKR Borys Finkel — GK  UKR Volodymyr Tsytkin — FW  RUS Yevgeni Kryachik — DF  UKR Yuriy Hiy — DF  RUS Andrei Zhirov — MF  UKR Viktor Budnyk — MF  UKR Oleksandr Ivanov — FW  UKR Viktor Oliynyk — FW  UKR Andriy Lutsiv — DF  UKR Ivan Rusnak

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.

No. Pos. Nation Player — FW  RUS Lev Berezner (to Gekris Novorossiysk)

No. Pos. Nation Player — DF  UKR Orest Shvets (to Sokil Berezhany)