Special tax on petroleum has increased

Oct 7 • Economy, News • 614 Views • No Comments on Special tax on petroleum has increased

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State Great Khural allows the Government to set special tax rate in order to maintain the stability of petroleum product price in the market. According to this mandatory, the Cabinet Meeting has discussed a draft resolution in taking certain measures on petroleum product. Because, petroleum price was cut by $34 per ton of A-80 and $23 per ton of AI-92 type at the Mongolian-Russian border. But, in reverse, diesel fuel price jumped by $74 per ton.

But this change will not take effect on retail price, because the government’s tax modification based on the monthly price offer from the Russian Federation.

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