According to the NSO’s report, import of diesel fuel has decreased by 10 percent and reached $ 46 million in February. However, comparing results of the first two months of this years to the same period of the previous year, the import has increased by 81 percent. This happened due to the fact that diesel fuel price has increased by $ 130-150 per ton for the last six months, according to the analysts. Gasoline imports have not grown last month. According to the Ministry of Mining and Heavy Industry, there is a 44-day fuel reserve on the national level, and there will not be any resource deficit. Notwithstanding the average fuel price cut by the AI-92 fuel tax, the price of liters increased by more than MNT 30 at the end of the month to the average price of MNT 1664. Distributors explain their decision with the increased price in the international market. Mongolian companies use the Singapore stock exchange prices when they purchase Rosneft petrol. The 92-ounce gasoline exchange rate rose 20 percent from the same period last year. However, the rate, which was growing continuous in the last six months of the previous year, fell about 10 percent since the end of January. The Minister of Mining and Heavy Industry does not consider adding “fuel prices”.

Source: BloombergTv.mn