Entire volume of gasoline put at Uzbek Commodity Exchange sold
Baku, Azerbaijan, August 27
By Fakhri Vakilov - Trend:
On August 19-23, 2019, Uzbek Commodity Exchange (UZEX) put up 1,910 tons of RON-91 motor gasoline for exchange trading, Trend reports with reference to UZEX.
In particular, Bukhara Oil Refinery LLC put up for trading 1,590 tons, and Fergana Oil Refinery LLC - 320 tons of RON-91 gasoline.
The starting price of RON-91 gasoline set by sellers amounted to 6,216 million soums per ton.
According to the results of weekly exchange trading, UZEX sold the entire volume of goods exhibited - 1,910 tons of RON-91 gasoline for a total of 12.2 billion soums.
The weekly stock quote for RON-91 gasoline increased compared to its starting price by 2.5 percent and amounted to 6.37 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.
Uzbekistan also plans to switch to market pricing of the most popular RON-80 gasoline brand in the middle of next year.
($1 = 9373.93 soums on August 27)
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