Society

Fuel Retailers Fined After Shortage Rumors

Unread Media

22 Oct 2025 — 1 min read

Image: see.mn

Following public concern over a possible fuel shortage that led to long lines at gas stations nationwide, Mongolia’s Anti-Monopoly Agency launched an inspection into fuel suppliers. Authorities have stated that reserves remain stable despite the panic.

The investigation found that 21 fuel retailers had jointly increased the price of AI-92 gasoline since May 23, 2025, potentially breaching the Competition Law’s ban on price-fixing. As a result, the agency imposed fines totaling ₮52.6 billion ($15.5 million) on the companies involved, citing evidence of cartel-like behavior in the market.

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PM Zandanshatar Meets Putin During SCO Summit

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Mongolia Celebrates 100 Years of Child and Youth Organizations

PM Zandanshatar Meets Putin During SCO Summit

53 Factories Opened Through “Food Revolution”

Mongolia Presents Key Initiatives Ahead of COP17