Mineral Resources today provided an update on fuel issues18 Nov 2025 07:37
The issue of fuel prices increasing and shortages occurring in connection with the political situation is discussed to a certain extent in Mongolia from time to time. Today, 3.8 million citizens must live in safety and security. Due to the problems of a few companies, politics is unstable, and citizens are waiting outside in frustration day and night. This cannot happen. That is why Mongolia is aiming to build an oil refinery in a very short time to ensure stability. The plant is planned to be commissioned by the end of 2027 or the first quarter of 2028. Since work has been going on intensively recently, we are working to put it into operation by the end of 2027. If this construction is put into operation, Mongolia will be able to meet 70 percent of its oil products. The issue of developing friendly cooperation with Russia and regularly purchasing products from its southern neighbor, China, is still being discussed. That is why the agreement to regularly import AI92 gasoline from Russia at $705 has been confirmed, so there is no condition for a price increase. Secondly, the Government, which aims to increase the capacity of tanks, build new warehouses, and support the construction of product tanks within the warehouses, has resolved the issue within the 2026 budget of the Great Khural. Agreements are also being made to regularly purchase products from China. We are all taking comprehensive measures to ensure the safety and reliability of citizens and the stability of our country's defense strategic products. Policy measures to prevent further increase in consumption, to ensure that resources are allocated correctly and are stable, and to solve problems, we must pay attention to quality. There are quality problems. Since the lives of the people are difficult, we are implementing policy steps not to increase prices. If imports increase and the economic conditions of the people improve, policy measures such as mainly using Euro-5 standard products and transferring prices to a market with reasonable conditions will be implemented in stages.
https://mmhi.gov.mn/2025/11/18/%d1%88%d0%b0%d1%82%d0%b0%d1%85%d1%83%d1%83%d0%bd%d1%8b-%d0%bd%d0%b8%d0%b9%d0%bb%d2%af%d2%af%d0%bb%d1%8d%d0%bb%d1%82-%d1%85%d1%8d%d0%b2%d0%b8%d0%b9%d0%bd-%d3%a9%d0%b4%d3%a9%d1%80%d1%82-120-%d0%b2%d0%b0/