Seize of excise tax altered

Ulaanbaatar, Mongolia, /MONTSAME/ Wednesday's Cabinet meeting discussed an amendment to the excise tax on some oil products.

A cost of oil supplied by Russian Rosneft Oil Company (ROSN) to Mongolia, such as AI-92 petrol, has increased by $ 42 or MNT 56.000, of a diesel fuel--by $ 36 or MNT 48.000. A price for ton of AI-80 petrol, in contrary, decreased by $ 10 this month.

The cabinet decided to decrease from 220 thousand to 170 thousand an excise tax per ton of AI-92 petrol that is imported through Sukhbaatar, Zamiin-Uud, Ereentsav and Altanbulag border checkpoints. Excise taxes on Al-80 and of diesel fuel will remain as they are.

The resolution will come to force September 17, 2010.

J.Bolortamir

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