Kyrgyzstan says fuel supplies stable despite rising global prices

The fuel market in Kyrgyzstan remains stable, with sufficient petroleum product reserves to meet domestic demand for at least the next two months, according to the State Antimonopoly Committee of the Kyrgyz Republic.

The agency said it recently held a meeting with the country’s largest oil traders, including RN-Kyrgyznefteprodukt, Partner Neft and Alfa Oil, during which participants confirmed that fuel supplies from Russia are continuing without disruption and in line with the approved delivery schedule, Caliber.Az reports via Kyrgyz media. 

Authorities recommended that fuel retailers maintain current prices, avoid sharp increases in fuel costs and ensure sufficient supplies on the market in order to prevent shortages.

The committee noted that global fuel prices have risen amid ongoing military activity in the Middle East. It added that risks to fuel deliveries have increased following Iranian attacks on regional oil and gas infrastructure and shipping, which have also reduced the volume of cargo transportation.

Russian officials have also warned that maritime gas supplies to Europe could be halted, while shipping through the Strait of Hormuz has effectively been restricted for vessels from Qatar, United Arab Emirates and Oman, the committee said.

By Sabina Mammadli