Prices for POL in Kyrgyzstan increase by 15%

Photo: Prices for POL in Kyrgyzstan increase by 15% / Kyrgyzstan

Baku, Azerbaijan, Sept. 3

By Aygun Badalova - Trend:

Prices for POL (Petroleum, Oil, and Lubricants) in Kyrgyzstan increased by 15 percent since the beginning of 2014, 24.kg news agency reported on Sept. 3 citing the deputy director of Kyrgyzstan's Antimonopoly Agency Keneshbay Taylakov.

Kyrgyz government is concerned about increase in fuel prices, Taylakov said during the meeting with oil traders.

There are 650 filling stations in Kyrgyzstan. Most of them are owned by Gazprom Neft Asia, which is a subsidiary of Russia's Gazprom.

Taylakov added that external factors are the main reason for the increase in fuel prices.

"Prices are being increased by refineries in Russia. Emergency situations also have an effect," Taylakov said adding that Antimonopoly Agency will not allow unjustified price increase.

Follow us on Twitter @TRENDNewsAgency