Monday, August 22, 2011 – Officials in Afghanistan Ministry of Commerce and Industries on Sunday said, an agreement has been signed with the Russian Federation to provide Afghanistan with 500,000 tones of fuel.
Meanwhile, officials are optimistic that the arrival of fuel from Russia would substantially decrease fuel prices in the country.
The officials further added, Russia will sell every single barrel of fuel to Afghanistan 7 dollars cheaper than international fuel prices, under the agreement between the two countries.
Officials in Afghanistan Ministry of Commerce and Industries said, both the government and private fuel companies will take part in purchase of the fuel.
Anwar-ul-Haq Ahadi, Commerce and Industries Minister said, the ministry have done a deal for 10,000 tons of diesel fuel with the Russia for the immediate use and soon the Ministry will close another deal for petrol fuel.
Anwar-ul-Haq Ahadi, Commerce and Industries Minister also said, “Based on this agreement we will find out about the amount of our fuel coming from Russia and what the prices are, what the transportation costs are and so on. This is important for our policy and it could help us control and fix prices in markets.”
According to officials in Ministry of Commerce and Industries, Afghanistan consumes around 3 million tons of fuel each year
The Ministry also said, increase in petroleum prices depends on the international markets and a decrease in supply inside the country.
The officials further added, the issues of petroleum supplies and the rates will be controlled once the fuel import deal with the Russia has been implemented.
