The Government
meeting yesterday made a decision to lower the tax on A-80 petroleum by
MNT70,000 so that retail prices do not have to be raised, after Russia had
increased its price by USD68.

Ts.Amaraa, deputy
director of Oil Agency, said, “There is speculation that Russia may soon
experience shortage in A-92 petroleum. We are in talks with Rosneft and other
fuel importing companies.” Mongolian generally has fuel stocks for 20 days. The
Ministry of Minerals and Energy are taking steps that supply to retailers is
not disrupted in September and October because of rain.