The agency is conducting price control measures to prevent unjustified increases, based on an agreement signed in 2023 with major oil traders such as OsOO "Munayprom," OsOO "Alpha Oil," "Rosneft," OsOO "Shnos," and "Partnerneft."
Syrgak Omorov, Deputy Chairman of the State Antimonopoly Agency, noted that there is a shortage of F&L in Russia, making them subject to exchange trading, where prices are set on the exchange. At the same time, prices for AI-92, AI-95 gasoline, and diesel are rising. However, in Kyrgyzstan, the price of F&L remains at an optimal level compared to neighboring countries. In Russia and Kazakhstan, there is a fuel shortage due to planned and unplanned work at gas stations and oil refineries.
With the end of the autumn fieldwork in Russia, it is expected that some volumes of fuel will become available for purchase by our oil traders.Discussions about the anticipated price increase for F&L also took place with representatives of oil traders.
“A slight increase in prices is expected. Oil traders reported that fuel stocks are available, and if a certain brand of gasoline is not available at one gas station, it may be accessible at others. This is related to the specifics of supply. Some types of F&L are in transit, and there are minor issues at certain points. However, oil traders are working on resolving these issues,” the State Antimonopoly Agency added.
To ensure stability in the domestic market, the State Antimonopoly Agency proposed that the Ministry of Economy and Commerce consider a number of measures aimed at mitigating price increases:
- temporary reduction of the tax burden (including excise tax, VAT, contributions to the Road Fund, and environmental fees), as these payments account for about 20% of the cost of fuel;
- issuance of revolving credits to domestic oil traders for purchasing fuel from Russian refineries at new, higher prices. This measure has already proven effective under conditions of working capital shortages.
