PM met with the current situation on Petroleum

Jun 29 • Energy, News • 468 Views • No Comments on PM met with the current situation on Petroleum

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Prime Minister S.Batbold called Minister for Mineral Resources and Energy D.Zorigt and the Chief of the Petroleum Authority, J.Amarsaikhan, to a meeting yesterday to discuss the petroleum situation. He expressed surprise and unhappiness that all sorts of contradictory rumors were being allowed to spread, adding to uncertainty and panic buying.

Zorigt said the situation regarding diesel is getting normal, with supply to mining companies such as Ouytolgoi, and to the needs of agriculture already stable. However, even as diesel availability eased, rumors of petrol shortage led to 5,000 tons being sold a day instead of the usual 2,000 tons. There is two weeks of petrol in stock now.

Zorigt said Russia always responded to requests for increased fuel supply by raising issues of Ulaanbaatar Railway and Tavan Tolgoi. Amarsaikhan blamed panic buying and hoarding for aggravating the shortage.

The Prime Minister heard them out and asked them to submit regular reports on developments so that decisions on excise and custom duty and prices could be taken.  The next meeting with Russian government officials will be held in Ulan Ude.

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