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Uzbekistan to direct fund to fight against gasoline shortage

November 16, 2017/ 08:41

Baku. President of Uzbekistan Shavkat Mirzieev instructed the Finance Ministry to allocate by late 2017 an interest-free budget loan worth 2 trillion soums (about $ 250 million) to oil refineries for the import of hydrocarbon raw materials and finished petroleum products.

Of these, 600 billion soums should be issued before the end of this working week for an early solution of the problem with gasoline deficit at the gas stations.

Furthermore, the head of state instructed to allocate additional funds from the state budget to the company "Toshshahartranshizmat" for 2017-2018 to prevent a sharp increase in tariffs for transportation in Tashkent.

Another important measure is the reduction of the tax on the consumption of motor gasoline and diesel fuel by 50 percent from November 15, 2017.

Mirziyoyev also released hydrocarbon raw materials, imported by enterprises of the republic, from payment of customs payments until January 1, 2020, regardless of the form of ownership and purposes of use.

The prices for gasoline have skyrocketed starting Nov.15. The retail price of one liter of AI-80 gasoline rose by 1,000 soums and amounted to 3,800 soums. Gasoline AI-91 now costs 4,300 soums, while the price was 3000 soums, inform Trend.

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