- In an attempt to optimize the availability and distribution of gas fuel, the government has issued Regulation of the President No. 69 of 2021 on the Second Amendment to Regulation of the President No. 191 of 2014 on the Supply, Distribution and Retail Pricing of Oil Fuel ("Second Amendment")
- The Second Amendment now permits direct appointments to be completed in relation to the supply and distribution of certain types of oil fuel by the subsidiaries of business entities in line with the following provisions: 1) The direct capital ownership of a business entity in its subsidiary must exceed 50%; and 2) Subsidiaries must have secured commercial business licenses.
- Any business entity that has been assigned to supply and distribute certain types of oil fuel is now required to implement the following measures: 1) Ensuring the availability of certain types of oil fuel; 2) Prioritizing production by domestic refineries; and 3) Taking direct or indirect (through subsidiaries) ownership of domestic oil-and-gas refinery facilities.
- While the Minister of Energy and Mineral Resources may determine the retail prices of certain types of gas fuel and gas fuel for assignments and the formula for the calculation of basic prices, the retail prices for general types of oil fuel are to be determined by business entities based on the highest price.
- The Second Amendment has been in force since 3 August 2021.
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