Russia may revise fuel prices
The Deputy Minister for Mining and officials of related state agencies have been in Russia on a mission to question the fuel import prices that are changing every month.
These officials met officials in charge of the Ministry of Energy of Russia and Rosneft.
The Russian Government has taken measures to decrease tax exporting up to 40 percent over the past four months and kept increasing the export fuel tax to Mongolia.
An estimation based on statistics issued by the Central Bof Russia shows that Rosneft export fuel supply price to Mongolia is 300 US dollar higher than to other countries.
Therefore officials questioned the reason for the frequent fuel price increases.
First the Mongolian officials insisted on receiving an explanation on why Rosneft export fuel supply price is not associated with the Russian export tax and market price.
Second, Mongolia seeks to re-negotiate to update the agreement on fuel supply purchase and to make changes to stabilize fuel prices at least six months into the agreement.
The third thing that the officials seek is the possibility of a two million tons of crude oil purchase due to the refinery oil project in Mongolia.
Russian officials received the requests and promised to reply after revising the offers by Mongolia.
These officials met officials in charge of the Ministry of Energy of Russia and Rosneft.
The Russian Government has taken measures to decrease tax exporting up to 40 percent over the past four months and kept increasing the export fuel tax to Mongolia.
An estimation based on statistics issued by the Central Bof Russia shows that Rosneft export fuel supply price to Mongolia is 300 US dollar higher than to other countries.
Therefore officials questioned the reason for the frequent fuel price increases.
First the Mongolian officials insisted on receiving an explanation on why Rosneft export fuel supply price is not associated with the Russian export tax and market price.
Second, Mongolia seeks to re-negotiate to update the agreement on fuel supply purchase and to make changes to stabilize fuel prices at least six months into the agreement.
The third thing that the officials seek is the possibility of a two million tons of crude oil purchase due to the refinery oil project in Mongolia.
Russian officials received the requests and promised to reply after revising the offers by Mongolia.
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