Uzbekneftegaz comments production and sale of gasoline product
23/10/2021 17:05
Uzbekneftegaz comments production and sale of gasoline product
23/10/2021 17:05
Tashkent, Uzbekistan (UzDaily.com) -- According to Uzbekneftegaz, for 9 months of this year, it was planned to produce 1.11 million tonnes of liquid hydrocarbons, in practice, 1.15 million tonnes or 3.4% compared to the forecast (the growth rate is 0.6%).
Accordingly, for 9 months of this year at the oil refineries of the joint-stock company, it was planned to process 952,300 tonnes of hydrocarbon raw materials, in practice, 1.22 million tonnes or 23.3% were processed compared to the forecast.
In 9 months 2021, 815,500 tonnes of domestic (+20.6% compared to the plan), 312,900 tonnes of imported raw materials (+15.5% compared to the plan) were processed.
At the same time, for 9 months of this year, the production of 562,400 tonnes of gasoline was forecasted, in practice, 654,900 tonnes or 16.4% were produced compared to the forecast (growth rate of 5.6%).
For 9 months of this year, 524,600 tonnes of AI-80, 81,100 tonnes of AI-91, 43,900 tonnes of AI-92, 5,000 tonnes of AI-95, 3,000 tonnes of AI-98 gasoline were produced.
Based on the relevant resolution of the President and the Cabinet of Ministers of the Republic of Uzbekistan, the liberalization of the economy and the reduction of administrative regulation as a result of the adopted measures to create a competitive environment and a gradual transition to market pricing:
the state regulation of retail prices for motor gasoline was canceled and it was established that its sale at oil refineries will be carried out only at exchange auctions, including:
- grades Ai-92, Ai-93, Ai-95 and Ai-98 from 15 November2017;
- Ai-91 brand from 15 August 2019;
- Ai-80 brand from 1 May 2020;
- rejection of the practice of setting prices for gasoline by government decisions, a healthy competitive environment has been created and the provision of quality products to consumers has been established;
- In addition to the Bukhara oil refinery in the country, more than 10 sellers offer gasoline at exchange auctions;
- Currently, there are more than 2,600 gas stations in the country that sell imported and local petroleum products on the domestic market.
Just like the world’s leading oil and gas companies, Uzbekneftegaz not only produces and processes hydrocarbon raw materials, but also sells finished petroleum products, including gasoline products, to legal entities and individuals in the manner established by more than 65 gas stations belonging to the LLC "UNG Petro".
For the purpose of social protection of the population, the main part of gasoline produced by Uzbekneftegaz, ie 80.1%, is AI-80 gasoline.
Despite the fact that world oil quotes increased 1.7 times compared to the beginning of the year, Uzbekneftegaz maintains the price of Ai-80 in the domestic market due to a large volume of sales (intervention).
If the price of Brent oil on the world stock exchange increased 1.7 times compared to the beginning of the year and amounted to US$83-85 per barrel, then the subordinate gas stations of UNG Petro LLC have 1 liter of AI-80 gasoline at the retail price is 5,900 soums (Tashkent) or increased by 1.15 times compared to the beginning of the year.
It should be noted that the bulk of the produced gasoline grades Ai-91, Ai-92, Ai-95 is made from imported raw materials or imported finished product, depending on the market situation and reference to world quotations. Therefore, the price of this type of gasoline is relatively high.
$ 1 | 12667.00 | +0.022% |
1 | 13481.49 | -2.022% |
₽ 1 | 135.77 | -0.506% |