Exchange value of AI-80 gasoline increased by 70% since year beginning 

In Uzbekistan, since the beginning of this year, the exchange value of AI-80 gasoline has increased by 70%, the press service of the Uzbek Republican Commodity and Raw Materials Exchange (UzEX) reported.

“Since the beginning of 2021, the weekly quotation for AI-80 gasoline has increased by 63.2%, from 5.7 million soums to 9.3 million soums per ton. A significant part of this brand of gasoline or 84% falls on the share of the Bukhara Oil Refinery. In general, during this period, the starting cost of this brand of gasoline increased by an average of 70% and exceeded 10 million soums per ton,” the message says.

As a result of the open exchange trades, the difference between the starting and exchange prices did not exceed 1% on average. In other words, during the exchange trading, gasoline was sold practically at its starting price.

The Uzbek Commodity Exchange also stated that the rise in prices is observed on world exchanges. Thus, the world price for Brent crude oil increased by an average of 60-70% over the current year.

“In turn, the Republican Commodity and Raw Materials Exchange, as an organizer of trades, is constantly studying the situation on the gasoline market. The results of the analyzes and proposals for stabilizing prices on the gasoline market are submitted by the exchange to the Antimonopoly Committee, as well as other relevant ministries and departments,” the conclusion reads.