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Fuel Prices Mongolia
Part of: GIZ International Fuel Price database
Also see: Mongolia Energy Situation
Fuel Pricing Policies
| Local Currency: | MNT |
| Exchange Rate: | 1272
|
| 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 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 |
| ||||
  |
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
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