BAKU, Azerbaijan, Apr. 6
By Ilkin Seyfaddini – Trend:
Uzbekistan has abolished state regulation of retail prices for RON-80 gasoline, Trend reports citing the Uzbek media.
A presidential decree "On priority measures to improve the financial stability of the oil and gas industry" has been adopted.
According to the decree, government will develop a "road map" to improve the operational efficiency of oil and gas industry enterprises.
Anti-corruption "compliance control" system will be introduced at all enterprises of oil and gas industry.
The government will develop proposals to hire highly qualified foreign experts and specialists, including compatriots abroad, at oil and gas enterprises.
Licensing of activities in the oil and gas industry will be improved and simplified.
The state's share in the authorized capital of Uzbekneftegaz JSC and Uzkiyosanoat JSC will be increased.
Starting from May 1, 2020, state regulation of retail prices of RON-80 motor gasoline and diesel fuel (including ECO brand) will be abolished and sales by oil refineries will be carried out exclusively through exchange trades.
---
Follow author on Twitter: @seyfaddini