Turkmenistan refutes rumors on increase in gasoline prices

Oil&Gas Materials 26 October 2018 20:13 (UTC +04:00)

Ashgabat, Turkmenistan, Oct. 26

By Huseyn Hasanov – Trend:

Turkmen Oil Products (Turkmennebitonumleri), which carries out wholesale and retail trade of oil products in the country, has refuted information about a possible increase in gasoline prices in 2019, the Turkmen Oil (Turkmennebit) State Concern said in a message.

Some foreign media reported that car owners in Turkmenistan began to actively save gasoline in additional tanks in light of the rumors about a possible rise in price for fuel from the beginning of 2019, the message said.

The last time prices for gasoline in Turkmenistan went up on February 1, 2018. The cost of the most demanded AI 95 gasoline increased from 1 Turkmen manat to 1.5 manats per 1 liter.

The official rate of the Turkmen manat against one US dollar has remained at 3.50 manats since January 2015.

Presently, gasoline in Turkmenistan is produced at oil refineries in Turkmenbashi and Seydi.

The produced gasoline fully meets the needs of the domestic market. A part of the gasoline is exported. At the end of 2018, it is planned to commission a new plant for production of liquid fuel from natural gas with an annual capacity of 600,000 tons of gasoline and 12,000 tons of diesel fuel, which meet the Euro 5 requirements.