Russian Refinery Disruptions Ripple Across Central Asian Fuel Markets
US Crude Output Sets New Monthly Production Record RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established.
We provide what many… The disruptions to Russia's energy sector due to its war with Ukraine are having a ripple effect in Central Asia, with fuel prices rising across the region and governments scrambling to find alternative sources to meet demand.
Officials have sought to reassure consumers that supplies will be sufficient and that prices will eventually come down once global disruptions stabilize.
Daniyar Amangeldiev, the first deputy prime minister of Kyrgyzstan, told reporters that rising fuel prices are unavoidable given the global geopolitical turmoil.
"There is an opportunity not to raise prices sharply, but to increase them gradually, by 1 som every two weeks," Amangeldiev said.
One Kyrgyz som is equal to just over 1 US cent.
"If prices fall on global exchanges, the Agency for Regulation of the Monopolies will work with fuel-importing companies and try to reduce prices." But for Central Asians, the spike in prices has an immediate impact.
Azat, a Bishkek taxi driver who spoke to RFE/RL's Kyrgyz Service, said rising fuel costs are eating away at his daily earnings.
"Honestly, it's becoming really difficult," he said.
"We can barely make ends meet anymore." "Gasoline for cars has gone up to 45 soms a liter.
Previously, the same trip would cost around 1,200 soms; now, it costs 1,700." "The city is constantly congested.
Sometimes, we don't even cover our expenses and end up in debt," the taxi driver added.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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