TASHKENT, Uzbekistan, October 27. Diesel fuel prices in Uzbekistan have experienced a notable increase, Trend reports.
As per data provided by Argus analytical agency, the surge is primarily attributed to the rising cost of Russian diesel fuel shipments to Uzbekistan over the past week.
“The price hike in the Russian product is a consequence of limited supplies of fifth-class fuel and an indefinite export ban on gasoline and diesel fuel from Russia implemented on September 21,” the report states.
The agency noted that currently batches of the product are being offered at prices ranging from $840 to $850 per metric ton, marking an increase from the range of $830 to $840 per metric ton just one week earlier.
The Argus analysts also stressed that substantial quantities of diesel fuel with varying quality were stockpiled by the end of September in Uzbekistan.
“As these accumulated reserves are gradually depleted, it is expected that large industrial consumers in Uzbekistan may become more interested in fifth-class diesel fuel, a type not produced locally by Uzbek refineries, by the end of October,” the agency pointed out.
Meanwhile, Uzbekistan’s large enterprises produced 1 million tons of gasoline from January through September of 2023, which reflects a 14 percent increase compared to the same period last year.
Earlier this month, Uzbekistan’s Uzbekneftegaz JSC oil and gas company started importing RON-100 high-octane gasoline from Russia, with a retail price of 15,800 Uzbek soums ($1.3) per liter.
Moreover, in August 2023, President of Uzbekistan Shavkat Mirziyoyev instructed relevant departments and companies to import 120,000 tons of gasoline by the end of 2023 to ensure stable fuel supplies in the autumn-winter period.