According to information provided by Kanat Eshatov, the president of the Association of Oil Traders of Kyrgyzstan, prices for fuel and lubricants (F&L) in the country are currently stable, with sufficient reserves of petroleum products.
Eshatov noted that the current situation in the Middle East has not yet affected the cost of F&L in Kyrgyzstan. However, he added that if the international situation continues to remain tense, it may reflect on prices in the future. At the moment, oil companies are operating as usual.
“We continue to monitor the situation and track trading on the exchanges in London and New York. Currently, the price of Brent crude oil has reached $79 per barrel, but our companies have not yet signed contracts at this price. Price setting occurs weekly or every ten days, depending on agreements with oil refineries. Since supplies are currently being made under previously signed March contracts, the price situation remains stable. Every year we sign a memorandum with the Ministry of Water Resources, Agriculture, and Processing Industry, and the reserves of F&L for spring fieldwork are more than sufficient,” he emphasized.
