According to him, fuel prices in Kyrgyzstan are heavily influenced by international factors, including the state of the global oil market.
“There is a likelihood of price increases, as the geopolitical situation directly affects the cost of oil and petroleum products. Since February 1, we have observed a price increase of approximately 30-40 tyiyns,” Eshatov explained.
He added that there are sufficient fuel reserves in Kyrgyzstan.
“At the moment, the fuel market in the country is stable. Supplies of petroleum products are uninterrupted, and according to our estimates, the reserves of gasoline and diesel fuel will last for about two months,” he noted.
Moreover, Kanatbek Eshatov reported that spring fieldwork has begun in the country, and the agricultural sector is fully supplied with the necessary volumes of lubricants. Fuel continues to arrive in Kyrgyzstan as usual, and there is no shortage in the domestic market.
- As previously reported, since the beginning of last week, prices have surged by more than 50 percent. This sharp increase is related to market participants' concerns about the potential closure of the Strait of Hormuz by Iran, through which about 20 percent of the world's oil passes.
- On February 28, Israel and the U.S. began an attack on Iran, which included numerous air and missile strikes on cities and military facilities. In response, Tehran started attacking Israel and American bases in several Middle Eastern countries. In the first hours of the conflict, several high-ranking Iranian officials and military personnel were killed. Shortly after the operation, dubbed “Epic Fury,” U.S. President Donald Trump made an official statement.
- As a result of the attack, the Supreme Leader of Iran, Ayatollah Ali Khamenei, and about ten high-ranking officials were killed. The new Supreme Leader of Iran became the son of the slain Ayatollah, Mojtaba Khamenei.
