Government discusses measures to curb inflation
At the Government meeting on Wednesday, members discussed measures to fight inflation, especially rising gasoline prices.
Government members asked Mongol Bank President L.Purevdorj to sell U.S. dollars at Mongol Bank’s official rate to petroleum importers for buying oil. Also, the finance and mineral resources and energy ministers were asked to establish fuel reserve tanks in Ulaanbaatar, Darkhan, and Choir. Mineral Resources and Energy Minister D.Zorigt has been asked to hold talks with foreign companies to increase gasoline import sources.
At the end of the meeting, Prime Minister S.Batbold ordered measures be taken to hold accountable Deputy Mineral Resources and Energy Minister B.Ariunsan and Mineral Resources and Petroleum Authority Chief D.Amarsaikhan for allowing gasoline prices to be increased last weekend without first discussing the matter with the relevant state agencies.
S.Batbold also called for the Fair Competition and Consumer Protection Office and the Consumers Rights Protection Association to be held accountable for their poor work.
Members also ordered the Fair Competition and Consumer Protection Office to hold petroleum importers accountable for increasing gasoline prices, which have caused a rise in consumer goods prices.
Government members asked Mongol Bank President L.Purevdorj to sell U.S. dollars at Mongol Bank’s official rate to petroleum importers for buying oil. Also, the finance and mineral resources and energy ministers were asked to establish fuel reserve tanks in Ulaanbaatar, Darkhan, and Choir. Mineral Resources and Energy Minister D.Zorigt has been asked to hold talks with foreign companies to increase gasoline import sources.
At the end of the meeting, Prime Minister S.Batbold ordered measures be taken to hold accountable Deputy Mineral Resources and Energy Minister B.Ariunsan and Mineral Resources and Petroleum Authority Chief D.Amarsaikhan for allowing gasoline prices to be increased last weekend without first discussing the matter with the relevant state agencies.
S.Batbold also called for the Fair Competition and Consumer Protection Office and the Consumers Rights Protection Association to be held accountable for their poor work.
Members also ordered the Fair Competition and Consumer Protection Office to hold petroleum importers accountable for increasing gasoline prices, which have caused a rise in consumer goods prices.
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