As in the rest of the world,
the cost of petroleum products for Mongolian consumers is rising.
In fact, for the second time
in weeks, the price of oil has increased in Mongolia.
Mongolia purchases its oil
from Russia. As of last week, the price for Russian oil being sold in
Mongolia had increased to reflect world prices of USD 115-130 per barrel.
In real terms, this is translating
to costs of a liter of АI-80 petrol being set at MNT 1260 ($1.09 USD),
АI-92 - at MNT 1400-1405 ($1.21 USD) and diesel fuel - at MNT 1630
($1.41 USD).
D.Amarsaikhan, head of the
Minerals and Oil Authority, has said that Mongolia has opened up border
checkpoints at Yarant, Khavirga and Bulgan to increase Chinese oil supplies.
D.Amarsaikhan added that oil
reserves have been maintained to guarantee fuel will be available for
the Mongolian harvest season.
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