According to trading data, propane was priced at UZS 7.412 million per tonne on September 16. The price jumped 60.6% the following day to UZS 11.904 million and rose another 2.6% on September 18 to UZS 12.217 million.
The increase amounted to UZS 4.8 million, or about 65%, over the two-day period. The volume of propane sold also rose from 666 tonnes to 1,114 tonnes, an increase of 67.2%.
The trading cap was removed on September 17 in accordance with an instruction issued on September 16 by the Committee for Competition Development and Consumer Protection.
The removed restriction had limited the increase in the selling price of liquefied gas produced domestically or imported for sale through the exchange.
However, another restriction remains in place. The exchange does not accept bids from liquefied gas importers or domestic producers if the starting price exceeds UZS 7.5 million per tonne.
This means the starting price remains capped, while the price can now rise beyond the previous limit during the auction.
The competition authority had previously imposed limits on propane price increases at exchange trading. In early November 2024, the permitted increase was capped at 20% above the seller’s starting price after the price of liquefied gas exceeded UZS 10.1 million per tonne.
From January 12, the maximum increase was reduced from 20% to 10% of the starting price. At the same time, bids from producers and importers were rejected if the starting price exceeded UZS 7.5 million per tonne.
Under that system, the maximum price that could be reached during trading was UZS 8.25 million per tonne.
