Kyrgyzstan to continue subsidies for fuel and lubricants importers

Kyrgyzstan is extending its subsidy program for companies importing fuel and lubricants, First Deputy Chairman of the Cabinet of Ministers Daniyar Amangeldiev confirmed. The government is committed to ensuring stable fuel prices for consumers amidst ongoing supply challenges.

Under the directive of the Kyrgyz president, companies are instructed to secure fuel supplies at prevailing market rates, with the government guaranteeing compensation for these costs. A special commission will meticulously review each import contract to verify price compliance. "We invited all the companies and announced this. In accordance with the President’s instructions, we will complete this work," Amangeldiev stated, adding that compensation payments would continue.

The subsidy mechanism's duration remains unspecified. While prices for AI 92 gasoline, autogas, and diesel fuel are anticipated to hold steady, a potential increase in the cost of AI 95 and AI 100 gasoline is on the horizon. Kyrgyzstan relies heavily on Russia for nearly 95 percent of its fuel and lubricant needs. Recent drone attacks on Russian oil refineries have disrupted these supplies, leading to price hikes and occasional shortages of certain fuel types in Kyrgyzstan.

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We invited all the companies and announced this. In accordance with the President’s instructions, we will complete this work. Yesterday, Chairman of the Cabinet of Ministers Adylbek Kasymaliev held a meeting and told the companies that compensation payments would continue.