On March 19, 2026, Minister of Industry and Mineral Resources Damdinnayam Gongor submitted to Speaker of the State Great Khural Uchral Nyam-Osor a draft parliamentary resolution to amend Resolution No. 27 of 1999, “On Approving the Rates and Amounts of Customs Duties on Imported Goods.”

According to the initiator, if adopted, the draft would grant the Government the authority to set the customs duty rate on gasoline, a widely consumed public commodity, thereby enabling more flexible regulation of duties in line with market conditions. Mongolia currently meets 100 percent of its fuel demand through imports, with approximately 95 percent sourced from the Russian Federation and the remainder from the People’s Republic of China.

Last December, the State Great Khural ratified the Interim Trade Agreement between Mongolia and the Eurasian Economic Union and its member states. The sector minister noted that once the agreement is ratified by the other member states, customs duties on automotive gasoline will be reduced to zero. The draft resolution has been initiated as a responsive measure pending the agreement’s entry into force, and in light of volatility in global petroleum product prices influenced by the situation in the Middle East.

Under Resolution No. 27 of 1999, the customs duty on fuel had been set at five percent but was subsequently reduced to zero. The initiator emphasized that adoption of the draft would further contribute to lowering retail fuel prices. For instance, the current customs duty on AI-92 gasoline stands at MNT 125,633 per ton; reducing this to zero would lower the price by MNT 106 per liter, yielding an estimated benefit of MNT 57 per liter.

The draft resolution consists of two articles and includes provisions specifying its effective date and duration, according to the Press and Public Relations Department of the State Great Khural.

Published Date:2026-03-20