AI-92 Gasoline Price in Uzbekistan Hits Record High Amid Regional Fuel Pressures
The price of AI-92 gasoline on Uzbekistan’s Republican Commodity and Raw Materials Exchange has reached a record high, according to exchange data reviewed by Uzbek business outlet Spot. On June 29, the exchange price for one metric ton of AI-92 gasoline climbed to 13.919 million UZS, approximately $1,160, up 1.1% from the previous trading session and the highest level ever recorded. Since the beginning of June, the fuel price has risen by 11.8%, or nearly 1.5 million UZS, approximately $125 per ton. Spot reported that the sharpest increase came during the first week of the month. Between June 4 and June 8, the price jumped from 12.476 million UZS, approximately $1,040, to 13.788 million UZS, approximately $1,149, an increase of 10.5% in just four days. Prices then remained relatively stable at around 13.7 million UZS to 13.8 million UZS, approximately $1,141-$1,150, before climbing to a new record at the end of the month. The rise in prices coincided with a sharp drop in supply on the exchange. Available volumes fell from 3,791 tons on June 1 to 1,898 tons by June 23, nearly halving over three weeks. Although supply had recovered to 3,123.2 tons by June 29, prices remained at record levels. The increase comes as Russia experiences fuel shortages linked to unplanned refinery maintenance following Ukrainian drone strikes. Several Russian oil refineries have undergone emergency repairs after the attacks, reducing fuel production and tightening supplies across the region. Russia also introduced a full ban on gasoline exports on April 1. However, the restriction does not apply to deliveries made under intergovernmental agreements, meaning fuel exports to Uzbekistan are not directly affected. As previously reported by The Times of Central Asia, Russia has discussed importing about 50,000 metric tons of AI-92 gasoline from Kazakhstan after refinery outages cut gasoline production by roughly 25% year-on-year by late June. The talks marked an unusual step for Russia, traditionally one of the region’s main fuel exporters.
