Kyrgyzstan fuel prices to be regulated by new agreement

Kyrgyzstan's fuel market will see regulated prices for key products following an agreement between the Antimonopoly Service and fuel retailers. The deal targets AI-92 gasoline, diesel, and autogas, aiming to stabilize supply and curb price increases.

Under the accord, fuel companies commit to selling these socially significant petroleum products according to an approved price schedule. They must also ensure fuel availability for consumers and promptly report any changes in wholesale prices to the Antimonopoly Service.

The service will continuously monitor compliance with the agreement. It will analyze market conditions and consider proposals from market participants to adjust prices based on economic factors. Officials state these measures are designed to protect consumer interests, guarantee uninterrupted fuel supplies, and maintain a balance between the state, businesses, and the public.

This development comes after recent price hikes in Bishkek, where AI-92 gasoline rose from 84.9 to 86.9 soms per liter, AI-95 from 99.9 to 97.9 soms, and diesel from 98.3 to 99.9 soms per liter. The cabinet attributed these increases to higher fuel procurement costs.