Baku, Azerbaijan, August 19
By Fakhri Vakilov - Trend:
On the August 12-16, 2019, the Uzbek Commodity Exchange (UZEX) put up 1,485 tons of RON-91 motor gasoline for exchange trading, Trend reports with reference to UZEX.
The starting cost of RON-91 gasoline set by sellers amounted to 6,112 million soums per ton.
The results of weekly exchange trading showed that 246.2 ton of AI-91 gasoline (16.6 percent of the volume put up for auction) was sold at UZEX for a total amount of over 1.5 billion soums.
The weekly stock quote for RON-91 gasoline remained at its starting value and amounted to 6,118 million soums per ton.
During the exchange trading, applications for the purchase of RON-91 gasoline were submitted by legal entities, including large industrial enterprises, business entities and gas stations.
In accordance with a government decree from August 15, 2019, the retail price for RON-91 motor gasoline is determined only through exchange trading.
It should be noted that Uzbekistan also plans to switch to market pricing of the most popular RON-80 gasoline brand in the middle of next year.
($1 = 9150.39 soums on August 19)
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