Uzbek commodity exchange reveals price of RON-80 fuel

Oil&Gas Materials 4 May 2021 13:47 (UTC +04:00)
Uzbek commodity exchange reveals price of RON-80 fuel

BAKU, Azerbaijan, May 4

By Klavdiya Romakayeva - Trend:

Some 98,599 tons of RON-80 gasoline was put up at Uzbek Republican Commodity Exchange (UZEX) for the period from April 25 to May 2, Trend reports with reference to UZEX.

Last week, the exchange price for motor gasoline increased due to an increase in the starting cost of products from the sellers' enterprises.

According to UZEX, 12,292 tons or 31.8 percent of RON-80 gasoline were sold at the exchange trading. On average, 34 buyers took part in the exchange trades daily.

It was noted that the daily average price of RON-80 gasoline increased from 6,362 soums ($0.6054) to 6,475 soums ($0.6161) per ton, or by 1.8 percent.

During the period under review, the weekly weighted average price of RON-80 motor gasoline amounted to 6,468 soums ($0.6155) per ton of gasoline, RON-91 - 7,723 soums ($0.7349) per ton.

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).


Follow the author on Twitter: @romakayeva