Government discusses fuel prices, meat reserve
At the Government meeting on Wednesday, members discussed fuel prices. After the meeting Finance Minister D.Khayankhyarvaa informed journalists about the discussion.
On January 6, petroleum importers raised gasoline prices by MNT 260 per liter. They blamed the falling tugrik rate against the U.S. dollar. Since then, the tugrik’s rate has increased, and petroleum importers have reduced gas prices by MNT 50 per liter. But a working group that has studied the matter says prices could be reduced by MNT 170 per liter.
Therefore, the Government asked the Ministry of Mineral Resources and Energy to continue negotiating with petroleum importers to reduce gas prices. Prime Minister S.Batbold noted that the importers could have their contracts cancelled because the tugrik rate is now stable.
At the meeting, members also discussed the petroleum reserve and concluded that it was necessary to reserve 60,000 tons of gasoline. But the reserve tanks are not large enough to hold that much petroleum, so the Cabinet decided that new reserve tanks should be built.
Members also discussed the meat reserve. The Ministry of Food, Agriculture and Light Industry and the Mayor’s Office have asked the 21 aimag governors to reserve more meat. An additional 15,000 tons of meat will be reserved.
On January 6, petroleum importers raised gasoline prices by MNT 260 per liter. They blamed the falling tugrik rate against the U.S. dollar. Since then, the tugrik’s rate has increased, and petroleum importers have reduced gas prices by MNT 50 per liter. But a working group that has studied the matter says prices could be reduced by MNT 170 per liter.
Therefore, the Government asked the Ministry of Mineral Resources and Energy to continue negotiating with petroleum importers to reduce gas prices. Prime Minister S.Batbold noted that the importers could have their contracts cancelled because the tugrik rate is now stable.
At the meeting, members also discussed the petroleum reserve and concluded that it was necessary to reserve 60,000 tons of gasoline. But the reserve tanks are not large enough to hold that much petroleum, so the Cabinet decided that new reserve tanks should be built.
Members also discussed the meat reserve. The Ministry of Food, Agriculture and Light Industry and the Mayor’s Office have asked the 21 aimag governors to reserve more meat. An additional 15,000 tons of meat will be reserved.
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