The Mongol Bank and Ministry of Mining have issued a soft loan to fuel import companies with the purpose to maintain a steady fuel price.  The latest importer to be granted 14.6 billion MNT loan with 3.8 percent interest by Mongol Bank was “Magnaitraide” LLC on 7th of December. Before that the  Mongol Bank issued  to “Just Oil” LLC 7.1 billion MNT, “Monpetex” LLC 8.5 billion MNT and  “Sod Mongol” LLC 11.1 billion MNT.

In addition, the Ministry of Mining and the Mongol Bank signed an agreement with fuel importers on October 26th, and launched a sub-program “SIFS”. During this time four fuel import companies were granted soft loans of 41.4 billion MNT.  This was because it was decided one of the biggest concerns are the conditions leading to a rise of fuel price. Because the Mongolian companies trading capital is dependent on the dollar, so this time fuel prices will not face fluctuating prices. Accordingly the companies have been required to not increase the price of fuel.