Petroleum importers increased fuel prices by MNT80 per liter from May 1 but the Ministry of Mineral Resources and Energy did not support this as Russia had said its restrictions on petroleum export would not apply to Mongolia and as Rosnefti would continue to sell fuel at existing rates. The Ministry called representatives of oil importing companies to a meeting yesterday and said their licenses would be canceled. They then agreed to reduce the increase.

The President of the Confederation of Trade Unions, S.Ganbaatar, later told journalists that Magnaitrade, Petrovis, Shunkhlai and Sod Mongol had agreed to reduce prices by MNT30 per liter, while Just Oil would cancel the entire increase of MNT80.