Difference between revisions of "Fuel Prices Mongolia"

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{{Fuel Price Factsheet
 
{{Fuel Price Factsheet
 
|Fuel Price Country=Mongolia
 
|Fuel Price Country=Mongolia
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|Fuel Pricing Policies=The downstream fuel sector is open and fuel pricing is liberal. However, according to →App. A1, the Ministry of Mineral Resources and Energy may act as some kind of a antimonopolistic agency. In May 2011, the ministry threatened fuel retailers to withdraw their licenses if they did not reduce fuel prices after an unjustified price hike.
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Mongolia imports all of its fuels from Russia. There is an import tax on fuels. According to an internet article (→App. A2), the government decided to reduce this import tax in May 2011, in order to keep the prices on their levels despite of rising import prices.
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There is some information on the Ministries website, perhaps including information regarding fuel prices; however, the English version does not work as of May 2011.
 +
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"Fuel pricing policy:Fuel prices were deregulated until 2012. Government frequently adjusts excise taxes on fuels to keep prices stable. A proposal to regulate gasoline prices was accepted and a price control council was established in Jan 2012 to regulate gasoline, food, and public transport prices. The Bank of Mongolia in late 2012 granted soft loans totaling US$120 million to fuel importers to keep prices low."
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(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 
|Fuel Currency=MNT
 
|Fuel Currency=MNT
 
|Fuel Price Exchange Rate=1272
 
|Fuel Price Exchange Rate=1272
 
|Fuel Price Exchange Rate Date=2010/11/17
 
|Fuel Price Exchange Rate Date=2010/11/17
 
|Fuel Price Last Updated=2011/05/01
 
|Fuel Price Last Updated=2011/05/01
−
|Fuel Price Composition Date=
 
 
|Fuel Price Composition Annotation=There are import taxes on fuel, while fuels are exempted from VAT (see. →App. A2 and A3).
 
|Fuel Price Composition Annotation=There are import taxes on fuel, while fuels are exempted from VAT (see. →App. A2 and A3).
  
 
No further information available.
 
No further information available.
−
|Fuel Pricing Policies=The downstream fuel sector is open and fuel pricing is liberal. However, according to →App. A1, the Ministry of Mineral Resources and Energy may act as some kind of a antimonopolistic agency. In May 2011, the ministry threatened fuel retailers to withdraw their licenses if they did not reduce fuel prices after an unjustified price hike.
+
|Fuel Matrix Pricing Mechanism=3
−
 
 
−
Mongolia imports all of its fuels from Russia. There is an import tax on fuels. According to an internet article (→App. A2), the government decided to reduce this import tax in May 2011, in order to keep the prices on their levels despite of rising import prices.
 
−
 
 
−
There is some information on the Ministries website, perhaps including information regarding fuel prices; however, the English version does not work as of May 2011.
 
 
|Fuel Matrix Price Level=3
 
|Fuel Matrix Price Level=3
−
|Fuel Matrix Pricing Mechanism=3
 
 
|Fuel Matrix Annotation=Ministry homepage available in Mongolian language only.
 
|Fuel Matrix Annotation=Ministry homepage available in Mongolian language only.
 
|Fuel Transparency Price Composition=on
 
|Fuel Transparency Price Composition=on
 
|Fuel Transparency Pricing Mechanism=on
 
|Fuel Transparency Pricing Mechanism=on
−
}}
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}} {{Fuel Price Factsheet Source
−
{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Link=http://www.mmre.gov.mn/
 
|Fuel Price Factsheet Source Link=http://www.mmre.gov.mn/
 
|Fuel Price Factsheet Source Annotation=Ministry of Mineral Resources and Energy; in Mongolian language
 
|Fuel Price Factsheet Source Annotation=Ministry of Mineral Resources and Energy; in Mongolian language
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}} {{Fuel Price Factsheet Source
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|Fuel Price Factsheet Source Type=Other Information
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|Fuel Price Factsheet Source Link=http://www.infomongolia.com/ct/ci/592/
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|Fuel Price Factsheet Source Annotation=A1
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}} {{Fuel Price Factsheet Source
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|Fuel Price Factsheet Source Type=Other Information
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|Fuel Price Factsheet Source Link=http://www.infomongolia.com/ct/ci/641/56/Mongolia%20has%20one%20month%20of%20fuel%20reserve
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|Fuel Price Factsheet Source Annotation=A2
 
}}
 
}}
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[[Category:Mongolia]]

Latest revision as of 16:11, 15 July 2014

Part of: GIZ International Fuel Price database
Also see: Mongolia Energy Situation

Fuel Pricing Policies

Local Currency: MNT
Exchange Rate: 1272


(2010/11/17)

Last Update: 2011/05/01

The downstream fuel sector is open and fuel pricing is liberal. However, according to →App. A1, the Ministry of Mineral Resources and Energy may act as some kind of a antimonopolistic agency. In May 2011, the ministry threatened fuel retailers to withdraw their licenses if they did not reduce fuel prices after an unjustified price hike.

Mongolia imports all of its fuels from Russia. There is an import tax on fuels. According to an internet article (→App. A2), the government decided to reduce this import tax in May 2011, in order to keep the prices on their levels despite of rising import prices.

There is some information on the Ministries website, perhaps including information regarding fuel prices; however, the English version does not work as of May 2011.

"Fuel pricing policy:Fuel prices were deregulated until 2012. Government frequently adjusts excise taxes on fuels to keep prices stable. A proposal to regulate gasoline prices was accepted and a price control council was established in Jan 2012 to regulate gasoline, food, and public transport prices. The Bank of Mongolia in late 2012 granted soft loans totaling US$120 million to fuel importers to keep prices low."

(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil



Fuel Price Composition

Price composition.



There are import taxes on fuel, while fuels are exempted from VAT (see. →App. A2 and A3).

No further information available.



At a Glance

Regulation-Price-Matrix
Transparency of
Price Composition 		Transparency of Pricing
Mechanism / Monitoring
IFPDB matrix background.png
IFPDB matrix point.png
 Unknown.
 
 Unknown.


Ministry homepage available in Mongolian language only.


Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.infomongolia.com/ct/ci/641/56/Mongolia_has_one_month_of_fuel_reserve (A2)
Other Information http://www.mmre.gov.mn/ (Ministry of Mineral Resources and Energy; in Mongolian language)
Other Information http://www.infomongolia.com/ct/ci/592/ (A1)


Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de

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