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Daily average price of RON-80 gasoline put up at Uzbek commodity exchange decreases

Oil&Gas Materials 16 March 2021 10:59 (UTC +04:00)
Daily average price of RON-80 gasoline put up at Uzbek commodity exchange decreases

BAKU, Azerbaijan, Mar. 16

By Klavdiya Romakayeva - Trend:

Some 24,914 tons of RON-80 motor gasoline was put up at Uzbek Republican Commodity Exchange (UZEX) for the period from March 9 to 14, Trend reports with reference to UZEX.

According to UZEX, 12,471 tons or 50 percent of RON-80 motor gasoline were sold at the exchange trading. On average, 38 buyers took part in the exchange trades daily.

It was noted that during the period under review, against the background of a decrease in the starting price, the daily average price of RON-80 gasoline also increased from 6,246 soums ($0.59) to 6,159 soums ($0.5855) per ton, or by 1.4 percent.

In addition, the weekly weighted average price of motor gasoline RON-80 for the period under review amounted to 6,234 soums ($0.5926) per ton of gasoline, RON-91 – 7,917 soums ($0.75) per ton.

According to the information, one ton of gasoline averages about 1,293-1,370 liters.

Earlier it was reported that the price of gasoline in Uzbekistan increased during the period from January through February 2021 by 4.9 percent. At the same time, the price for methane increased by five percent, while the price of propane decreased by 7.9 percent.

It was noted that the excise tax rates for petroleum products and automobile fuel sold to end consumers have increased in Uzbekistan since February 1.

According to Uzbekneftegaz JSC, these measures would lead to an increase in the cost of RON-80 gasoline by up to 110 soums ($0.01), RON -90, and more by 60-90 soums ($0.0057-$0.0085).

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Follow the author on Twitter: @romakayeva

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