Mongolia Business and Mongolian Daily Business News

Last night petroleum importers added the price of gas by MNT 250. As a result customers pay MNT 1740 for AI-80, MNT 1685 for AI-92, MNT 1885 for AI-95 and MNT 1990 for diesel. Gas provider commented on why the price was increased, “As explained by our authorities, the Government freed gas price.” And that’s why a liter gas costs USD 1.5. Petroleum price is constant in the world market however it goes up in Mongolia. Related officials explained it that Russia increased the price of petroleum product imported to Mongolia though gas price in Russia didn’t increase.

What we have to do is to make it clear from importers who don’t pay customs tariff. Following the price increase, transport microbus price went up by 2-3 times, reaching MNT 400-500.

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