Over 100 tons of gasoline sold at Uzbek Commodity Exchange

Business Materials 16 August 2019 11:58 (UTC +04:00)

Baku, Azerbaijan, August 16

By Fakhri Vakilov - Trend:

On the August 15, 2019, the Uzbek Commodity Exchange (UZEX) put up 720 tons of AI-91 motor gasoline for exchange trading, Trend reports with reference to UZEX.

Bukhara Oil Refinery LLC put up 600 tons for exchange trading and Fergana Oil Refinery LLC - 120 tons of AI -91 brand gasoline.

The starting price of AI-91 gasoline, set by the seller, was 6, 216 million soums per ton.

Following the results of the exchange trading, UZEX sold 120 tons of AI-91 gasoline (16.7 percent of the volume put up for auction) for a total amount of over 746 million soums.

The exchange quotation of AI-91 gasoline on August 15, 2019 almost did not exceed the starting cost of the goods and amounted to 6.216 million soums per ton.

During the exchange trading, applications for the purchase of AI-91 gasoline were submitted by legal entities, including business entities and gas stations.

The Resolution of the Cabinet of Ministers of Uzbekistan dated July 30, 2019 “On changing prices and tariffs for fuel and energy resources” states that from August 15, 2019, the retail price for AI-91 automobile gasoline will be determined through exchange trading.

($1 = 9061 soums on August 16)


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