In June, the price of AI-92 gasoline on Uzbekistan's exchange surged by 11.2%, reaching a record 13.9 million soums per ton. The increase coincides with a fuel crisis in Russia, Uzbekistan's primary gasoline supplier.

On June 29, the price per ton hit 13.919 million soums — an all-time high. Although it slightly decreased to 13.844 million soums on June 30, it remains elevated. Compared to the beginning of the month (12.446 million soums), the rise is 11.2%.

Trading data shows a sharp spike between June 4 and 8, when prices jumped 10.5% from 12.47 million to 13.79 million soums per ton. Supply volumes were stable in early June (up to 7,700 tons), but from June 17 they plummeted to 1,600 tons and remained below 2,400 tons for the rest of the month.

Despite having refining capacity, Uzbekistan fails to meet domestic demand with local production. In January-May 2026, gasoline imports totaled 642 million liters worth $373 million — an 84% increase in volume and 85% in value year-on-year. Nearly half of domestic consumption is covered by imported fuel.

Local gasoline production in the five months was 502,200 tons (about 670-678 million liters). Over the past two years, output has declined: from 1.33 million tons in 2023 to 1.2 million tons in 2025 (-10%).

The price surge in Uzbekistan coincides with a fuel crisis in Russia, where a gasoline shortage has persisted for a month. The Kyiv regime's strikes on Russian refineries have allegedly slashed processing volumes, halted supplies to gas stations, and prompted government sales restrictions. The true scale of the crisis is unclear, as the Russian government withholds much data.

Since most imported gasoline comes from Russia, the shortage and price hikes there directly impact fuel costs in Uzbekistan. Rising exchange prices have already begun affecting retail prices at gas stations, especially in Tashkent. The extent and speed of the impact on end consumers depend on further import price dynamics and the severity of the shortage.

Source: kun.uz