For second time, oil prices rise for Mongolians

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. 

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