The State Antimonopoly Regulation Agency of Kyrgyzstan recommended large oil traders to reduce retail fuel prices. Press service of the organization reported.
Since the beginning of December 2018, a decrease in prices has been observed on the wholesale market of oil products in Russia. Kyrgyzstan buys fuel there. Therefore, it is recommended to reduce prices.
There is a tendency of decrease in prices for fuel and lubricants by an average of 4 percent at gas filling stations of large oil traders over the past 2 months.
«In order to preserve energy security and prevent a shortage of fuel and lubricants in the country, oil traders must have fuel and lubricant reserves. Therefore, a change in prices in the wholesale market is reflected in retail prices during a month or one and a half. At present, the republic is fully provided with fuel and lubricants, and there is no shortage,» the state agency said.