MEASURES FOR STABILIZING PRICE OF FUELS AND MEAT
Ulaanbaatar, Mongolia, June 21 /MONTSAME/ At its regular meeting held on Wednesday, the cabinet got acquainted with implementation of the "Stabilizing prices of autofuels, diesel fuel, foods and public transport' program.
According to reports delivered by authorities of the Minister of Mineral Resources and Energy, and the Oil Authority, AI-80 and AI-92 autofuels will come to Mongolia soon. Thus, the reserve of oil products will be enough for two months, and it is expected the price of the fuels will be stable.
Within the program, measures have been taken to stabilize the fuel price and to reduce the prices by up to MNT 100 in several phases after determining factors of the price boost. As result of this, fuels' price has gone down by MNT 168 to MNT 1593.3. In order to recover loss of the public transport sector and to keep the price by providing subsidies, the cabinet decided to allot money of MNT 395.953.5 from the reserved fund to set off losses caused by the price boost of fuels in some public transport entities.
It has been considered that the price of meat increased due to an inappropriate management of meat delivering and supplying, a trade though the speculators and an uncontrolled situation of meat export. Thus, up to 15 tons meat will be reserved, and works will be done to prepare meat and sell it through retailers. Related contracts have been established with provinces. Moreover, the Administration of City has been allowed to take a loan of MNT 40 billion from the budget for preparing meat. The meat export has been limited until July 1 in order to protect the domestic market.
According to reports delivered by authorities of the Minister of Mineral Resources and Energy, and the Oil Authority, AI-80 and AI-92 autofuels will come to Mongolia soon. Thus, the reserve of oil products will be enough for two months, and it is expected the price of the fuels will be stable.
Within the program, measures have been taken to stabilize the fuel price and to reduce the prices by up to MNT 100 in several phases after determining factors of the price boost. As result of this, fuels' price has gone down by MNT 168 to MNT 1593.3. In order to recover loss of the public transport sector and to keep the price by providing subsidies, the cabinet decided to allot money of MNT 395.953.5 from the reserved fund to set off losses caused by the price boost of fuels in some public transport entities.
It has been considered that the price of meat increased due to an inappropriate management of meat delivering and supplying, a trade though the speculators and an uncontrolled situation of meat export. Thus, up to 15 tons meat will be reserved, and works will be done to prepare meat and sell it through retailers. Related contracts have been established with provinces. Moreover, the Administration of City has been allowed to take a loan of MNT 40 billion from the budget for preparing meat. The meat export has been limited until July 1 in order to protect the domestic market.
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