Learn more

By bne IntelIiNews The price of the most-in-demand gasoline in Uzbekistan, AI-80, or “the people’s gasoline”, has spiked since January 1 following the scrapping of zeroed excise duty. The price at some fuel stations surged to around UZS 8,800 ($0.71) per litre, whereas before the New Year celebrations it was around UZS 6,500. Gasoline stations owned by Uzbekneftegaz (UNG) were, as of January 4, selling AI-80 for UZS 6,800, the same level that was seen in December 2022. The temporary relief provided by zeroed excise duty on both local and imported AI-80 was introduced in that month amid supply …

cuu