Audit Reveals Gas Pricing Loophole, Government Moves to Regulate Market
Photo: Orda.kz
A recent audit by the Supreme Audit Chamber uncovered a loophole in gas pricing regulations, revealing that gas distribution companies were purchasing commercial gas from JSC NC Qazaq Gaz and reselling it at inflated prices, profiting as intermediaries, Orda.kz reports.
Auditors determined that since 2017, the state had not regulated retail gas prices for distribution companies, allowing them to set their markups.
In order to ensure a unified approach, we recommended that the government consider the issue of introducing appropriate amendments and additions to the Entrepreneurial Code, stated the audit report.
The Cabinet of Ministers responded by implementing amendments to the Entrepreneurial Code, officially extending state regulation of retail commercial gas prices to all market participants as of January 1.
Original Author: Aliya Askarova
Latest news
- Two Injured Russian Climbers Rescued From Almaty Mountains
- Kazakhstan Denies Reports of Full CPC Shutdown
- South Korea to Help Kazakhstan Forecast Demographic Change
- Almaty Waste Company Stake to Return to State After Undervalued Sale
- Inspection of Former Almaty Akim’s Family Project Declared Illegal
- Kazakhstan Could Refine Russian Oil as Russia Faces Fuel Shortages
- Who Is Behind the Company Searching for Copper Near Atbasar?
- Almaty Airport to Take Out $670 Million Loan
- Kazakhstani Woman Dies in Belgrade, Father Suspects Her Friends Were Involved
- Who Will Keep Health Coverage Under Kazakhstan’s New Rules?
- Fake Journalists Tricked Karaganda Official Into Taking Out Loan
- Pavel Durov Declared a “Terrorist” in Russia
- Lawsuit Pushes Oskemen Authorities to Adopt New Alert Rules After Kazzinc Explosion
- Emergency at Pavlodar Power Plant: Two Workers Seek Medical Help
- What Back-to-School Aid Has Been Promised to Vulnerable Families?
- Employment Falls at Kazakhstan’s Small and Medium Businesses
- How Much Will It Cost to Ride Astana’s LRT From August 1?
- KASE and AIX Record Sharp Rise in Trading Activity
- Ten-Year Record: More Kazakhstanis Are Losing Their Driver’s Licenses
- What Can Tourists Expect? Kazakhstan Approves New Rules for Visitor Centers
