Official and Fuel importers agree to maintain consistent fuel price

Nov 20 • Government, Mining, News • 826 Views • No Comments on Official and Fuel importers agree to maintain consistent fuel price

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The Ministry of Mining and Bank of Mongolia have both committed to cooperate to stabilize the price of petroleum this year.
Mining Minister D. Gankhuyag and central bank President N. Zoljargal signed a memorandum with Director of the Petroleum Department G. Uliziiburen and other representatives of petroleum imports to maintain a consistent price for petroleum fuels. Importers have agreed to sell their fuel at a currency rate set by the central bank. The central bank has agreed to pay the difference in the event of a large discrepancy between the agreed upon and current exchange rate.

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