Kyrgyz govt to earmark over $130 mln for fuel subsidies

BISHKEK. Oct 26 (Interfax) - Kyrgyzstan's budget will allocate 11.39 billion som or $130.2 million at the current rate in subsidies for fuel and lubricants importers, the government press service said.

Issues related to supplying the domestic fuel and lubricants market were discussed at a meeting chaired by Prime Minister Adylbek Kasymaliev.

More than 2.62 billion som of the total has already been released. Subsidies are being paid from May 25 to December 31.

Inventory of AI-95 and AI-92 gasoline, diesel fuel and liquefied gas vehicle fuel, including in oil traders' warehouses and in transit, are sufficient to meet the country's needs until the end of the year.

Following the meeting, Kasymaliev asked government agencies to ensure the timely payment of subsidies for fuel price differences and undisrupted fuel supplies to the domestic market, resolve logistical issues at the border, finding new suppliers, and speed up the modernization of existing and the construction of new refining capacity.