From 2028 the tariffs are proposed to be indexed annually with regard to annual inflation but by no more than 10%, so that the mechanism allows for a change in the economic situation, Mustafayev told a press conference on 14 October, by Spot’s account published at 20:45 Tashkent time on Thursday. He oversees the oil and gas sphere at the ministry.
A rigid link of indexation to the current inflation rate could require the mechanism to be revised if the situation changed, he said. Inflation was holding at about 5 to 6%, he said, while the geopolitical situation changed every day: if it exceeded that threshold and the rate had been fixed at 5 or 6% by a decision, the figure would have to be revised upward the next day. Annual inflation stood at 6.4% on 1 October, Spot noted.
He oversees the oil and gas sphere at the ministry.
This is no loophole, he said: indexation will be at the level of inflation but not above 10%, and whether inflation is 6% or 7%, from 1 May 2028 the tariffs will grow by exactly that level.
The same annual indexation with a 10% ceiling has applied to electricity and natural gas tariffs for households since the start of 2026, Spot reported. On the rise of 1 June he said the combined increase for households, companies and some large enterprises did not exceed 10%, though some individual categories could have risen more.
The ministry’s draft of 14 October proposed a 30% rise in centralised heating tariffs from 1 November and a compensation of a million soums for the poorest, CAW reported on Wednesday. The dollar passed 12,000 soums at the central bank on Thursday for the first time since late July, Spot reported, and stood at 12,011.65 on Friday morning.