Mongolian Ministry proposes to delay fuel tax increase - News.MN

Mongolian Ministry proposes to delay fuel tax increase

Wednesday

2019/05/21

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Old News! Published on: 2017.11.01

Mongolian Ministry proposes to delay fuel tax increase

Avatar
Uncategorized

The Ministry of Mining and Heavy Industries of Mongolia has proposed to the Cabinet to delay the increase of fuel import tax. The proposal aims to stabilize fuel supply and retail prices; it also intends to decrease the tax increase agreed by between the Finance Ministry and IMF team.

Under an IMF programme requirement, fuel import tax must be increased. The level of the hike is set out in Government Resolution 109 from 1 October.   

As of 24 October, Mongolia has a nationwide fuel reserve for 42 days.

For your Reactions?
0
HeartHeart
0
HahaHaha
0
LoveLove
0
WowWow
0
YayYay
0
SadSad
0
PoopPoop
0
AngryAngry
Voted Thanks!