Officials give opinions on rising gas prices
Ever since gasoline prices began rising last Friday, government officials and petroleum importers have offered different explanations for the increase. Some people think it may be linked to DP Chairman N.Altankhuyag’s announcement that the party is pulling out of the coalition government. Here are some other opinions:
Mongol Bank Vice President N.Zoljargal said the falling tugrik can not be blamed for rising gas prices because when the rate was MNT 2,000 to one U.S. dollar gas prices were not affected.
The executive director of Just Oil LLC, Sh.Baasanjav, told the newspaper Uls Turiin Toim that the increase was due to two factors. Firstly, Russia has increased its petroleum export tax. Secondly, the tugrik’s rate has fallen against the U.S. dollar. He said gas prices could be reduced if Russia reduces its petroleum export tax and the tugrik rises against the dollar. He said his company has a five or six day supply of A-80 gasoline and a two week supply of diesel.
Petrovis Holding spokesperson P.Tserennyam said Mongolia imports petroleum from limited sources, so the company is studying other sources of petroleum, such as from South Korea or Lithuania. P.Tserennyam said a reason for rising gas prices is Russia’s new petroleum export tax, which supports small domestic factories.
He added that Petrovis has an adequate reserve of gasoline.
Ch.Purevrenchin, the director of Sod Mongol Group’s Business Development Office, said the company is studying all options for reducing the price of gasoline. Sod Mongol supplies 15 percent of Mongolia’s fuel. He noted that petroleum importers are from the private sector and said the Government should support petroleum importers. He mentioned increasing demand for gasoline and an increase in the number of vehicles as possible reasons for the increase.
Mongol Bank Vice President N.Zoljargal said the falling tugrik can not be blamed for rising gas prices because when the rate was MNT 2,000 to one U.S. dollar gas prices were not affected.
The executive director of Just Oil LLC, Sh.Baasanjav, told the newspaper Uls Turiin Toim that the increase was due to two factors. Firstly, Russia has increased its petroleum export tax. Secondly, the tugrik’s rate has fallen against the U.S. dollar. He said gas prices could be reduced if Russia reduces its petroleum export tax and the tugrik rises against the dollar. He said his company has a five or six day supply of A-80 gasoline and a two week supply of diesel.
Petrovis Holding spokesperson P.Tserennyam said Mongolia imports petroleum from limited sources, so the company is studying other sources of petroleum, such as from South Korea or Lithuania. P.Tserennyam said a reason for rising gas prices is Russia’s new petroleum export tax, which supports small domestic factories.
He added that Petrovis has an adequate reserve of gasoline.
Ch.Purevrenchin, the director of Sod Mongol Group’s Business Development Office, said the company is studying all options for reducing the price of gasoline. Sod Mongol supplies 15 percent of Mongolia’s fuel. He noted that petroleum importers are from the private sector and said the Government should support petroleum importers. He mentioned increasing demand for gasoline and an increase in the number of vehicles as possible reasons for the increase.
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