The task force gave the reason at its regular briefing, ikon.mn reported at 14:41 Ulaanbaatar time: the price of fuel supplied from Russia rose by $190 this month on the previous month’s supply, so the companies raised their selling prices from Monday. Mongolia had bought its fuel from Russia under a three-year stability agreement, and the price rose and the supply fell because of the war in Ukraine and the explosions at refineries, the deputy minister said. Talks on supplies are under way with China, Singapore, Malaysia and South Korea, he said.
Supply in November and December is expected to fall, which is why the ministry is negotiating with other countries, by his account. The 78,000 tonnes of AI-92 and AI-95 contracted for October is enough for a month’s consumption, the task force had said earlier, and the queues outside the stations have not shortened, ikon.mn wrote on Monday afternoon.
Talks on supplies are under way with China, Singapore, Malaysia and South Korea, he said.
From the end of this week or the start of next the Mineral Resources and Petroleum Authority, with the private benzin.mn app, will show the stocks of the 264 stations in the capital in real time, and the app’s link to the traffic control centre’s cameras will show whether a queue has formed, the deputy minister said. A national warehouse system that lets the authority see each company’s stocks is due by mid-December, to remove artificial shortages and queues, in his words.
The zero duty at three Chinese crossings runs from 21 October to the end of 2028, and Russia reopened diesel exports for 500,000 tonnes on 10 October with the world market as the stated destination. Neither appears in ikon.mn’s two reports of the briefing.