The Ministry of Mineral Resources and Energy informed the Government meeting on Tuesday that the ministry is planning to reserve MNT 5 billion in gasoline. The estimated 15-day reserve will be used in case of a fuel shortage or price increase.

The reserve will be solely for public transportation and state vehicles, said Mineral Resources and Energy Minister D.Zorigt. He said that money to buy the fuel is allocated in the budget. Eventually the ministry would like to have a reserve of two or three months.

D.Zorigt stated that reserve tanks will be built in 2012 and the budget will allocate capital for their construction. The minister added that the current fuel reserve is sufficient and the fuel supply is stable.