Importer companies increase fuel reserves
Since the reformist Government formed it has carried out sub-programs aiming to stabilize the fuel retail price, grant lower interest rate loans and to protect currency rate risk.
The sub-programs are designated to prevent import fuel shortages and fuel price rises.
For the program the Government ordered the importer companies to increase their fuel reserves up to 60 days instead of 40 days in order to improve fuel supply and stabilize fuel prices.
According to a report by D.Gankhuyag, Minister for Mining, Mongolia now has fuel reserves for 62 days.
In accordance with the Government decree fuel importers have stored fuel for the coming 62 days.
In order to preventing fuel shortages, importer companies are obliged to store at least two months of fuel in reserve.
The sub-programs are designated to prevent import fuel shortages and fuel price rises.
For the program the Government ordered the importer companies to increase their fuel reserves up to 60 days instead of 40 days in order to improve fuel supply and stabilize fuel prices.
According to a report by D.Gankhuyag, Minister for Mining, Mongolia now has fuel reserves for 62 days.
In accordance with the Government decree fuel importers have stored fuel for the coming 62 days.
In order to preventing fuel shortages, importer companies are obliged to store at least two months of fuel in reserve.
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