Damdinnyam Gongor, Minister of Industry and Mineral Resources, held a press briefing at the Government Palace regarding the current fuel situation.

"The global situation is uncertain. The United States has banned its diesel exports, and China decided on October 1, 2026, to ban the export of all petroleum products. Therefore, we are focusing on sourcing from multiple suppliers and securing what we can, even if it is not the desired volume," the Minister stated. He emphasized, "The Government does not sell fuel. Instead, we are assisting enterprises in every possible way to procure it. For AI-92 fuel, the price has risen, and global availability is scarce, making the situation very difficult worldwide. Thus, we need to secure fuel from as many sources as possible. However, regardless of where we purchase it globally, it must transit through Russia or China. We are collaborating with enterprises to resolve these logistical issues. Furthermore, fines are being imposed on companies that refuse to dispense fuel at night." Addressing domestic pricing, Minister Damdinyam added, "Russia keeps its prices low by subsidizing its oil refineries. Our country does not provide such subsidies. We calculate domestic prices based on the average global market price of the product over the preceding 14 to 25 days."

Mongolia consumes 75,000 tonnes of AI-92 fuel per month. However, the country imported only about 54,000 tonnes in August and 62,000 tonnes in September. While Mongolia and Kyrgyzstan were previously the exclusive buyers of Russian-produced AI-92 fuel, Russia's recent shift toward domestic consumption has reduced the volume supplied to Mongolia. Despite this, a contract has been signed to purchase 78,000 tonnes of fuel from Russia in October, which is expected to resolve the current shortages.

Published Date:2026-10-05