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Mongolia hikes diesel price by 300 MNT www.news.mn
Oil prices have increased from $70 to $110 due to the Middle East crisis. In response to this situation, the Prime Minister of Mongolia ordered the establishment of a working group to assess potential developments and address related challenges.
Currently, Mongolia has sufficient reserves of petroleum products. For example, reserves of AI-92 gasoline are sufficient for 42 days, while diesel fuel reserves are sufficient for 28 days.
AI-92 gasoline is currently priced at a fixed rate of $705 and will not increase as of today. However, a price rise in diesel fuel is considered unavoidable. Initially, diesel prices will increase by 300 MNT. Industry experts believe this increase will not have a significant impact on inflation. They aim to raise prices gradually rather than implementing a sharp increase of 1,000–1,500 MNT at once. A sudden, steep rise could lead to shortages and further pressure on inflation.
Published Date:2026-03-25
