Gas and electricity production costs far surpass current tariffs unchanged since 2019, said a Finance and Economy Ministry official. Inflation has reached 66% over this period, he added. Agency for Social Protection noted that 1.5 million needy families will receive aid to cope with the price hike.
From May 1, electricity and gas tariffs in Uzbekistan will increase for the first time since August 2019. The subsequent increase is set for April 2025. The government is also introducing “social norms” for gas and electricity use.
Gas, oil, electricity, and gasoline production in Uzbekistan dropped in February. In a month, gas output decreased by 284.4 million cubic meters, gasoline by 8,100 tons and electricity by 626.6 million kWh. c
In late January, Uzbekistan’s gas production dropped 9.4% to 3.99 billion cubic meters from January 2023, though it remained higher than recent months. Oil, coal, gasoline, and diesel production also declined. The number of operational industrial enterprises decreased by 25,200.
Gas production in Uzbekistan fell by 9.8% in the first five months of the year compared to the same period last year, with production falling for the second consecutive month in May. Meanwhile, electricity production showed record growth in May, while growth in oil production slowed to 3.1%.
Uzbekistan produced 16.26 billion cubic meters of gas in January-April 2023, which is a 9.5% decrease from the same period last year. Electricity and heat production also declined, while oil and coal production increased slightly.
Uzbekistan imported $151.2 million worth of gas in March, more than half of its imports last year. The figure rose sharply against the backdrop of falling domestic gas production. Import of coal, oil and oil products also increased.
Uzbekistan experienced a 9.6% decline in gas production during Q1 2023, totaling 12.3 billion cubic meters, with electricity production also falling by 5%. The production of thermal energy and coal has fallen as well. This downturn is attributed to reduced tax rates and other industry challenges.
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