Excise tax on petrol and diesel reduced

Ulaanbaatar /MONTSAME/ The excise tax rates have been reduced to MNT 260,000 per ton of petrol and MNT 280,000 per ton of diesel fuel entering the territory through the Sukhbaatar, Zamyn-Uud and Altanbulag border checkpoints, and MNT 130,000 per ton of petrol and MNT 150,000 per ton of diesel fuel entering through the Ereentsav border checkpoint. The decision was approved on Wednesday by the cabinet. Minister of Mining and Heavy Industry Ts.Dashdorj was assigned to take necessary measures to ensure stability in retail prices of petrol and diesel. The excise tax rates were fixed in consideration of the currency rate fluctuation and other factors, at MNT 400,000 per ton of petrol and MNT 520,000 per ton of diesel fuel.