The United Federation of Mongolian Consumers’ Rights Protection groups has confirmed that their demand to reduce the price of petrol is being heeded. The announcement, made on the eve of Tsagaan Sar, stated that the price price is being reduced by MNT 80-150. This was was good news indeed. The federation also said that they anticipate public savings of MNT 80-100 billion from the petrol discount. In addition, the Government is discussing establishing an oil refinery in 2016. If the set up, there would be huge economic benefits and savings of USD 1.5 billion.