Gasoline and Diesel: Kazakhstan Considers Lifting Fuel Price Controls
Photo: envato, ill purposes
The Kazakh Ministry of Energy is exploring the removal of price caps on gasoline and diesel fuel, Orda.kz reports.
This potential shift aims to address fuel shortages and enable industry modernization.
Kazakhstan currently maintains some of the region's lowest fuel prices.
AI-92 gasoline costs 205 tenge per liter in Kazakhstan, compared to 288 tenge in Russia, 385 tenge in Kyrgyzstan, and 489 tenge in Uzbekistan.
Diesel fuel shows similar disparities, with Kazakhstan at 295 tenge per liter while neighboring countries range from 355 to 528 tenge.
Fuel prices in Kazakhstan remain among the lowest in the world, which creates a price gap with neighboring countries. This provokes a deficit, hinders the modernization of the industry and facilitates the illegal export of fuel, the Ministry of Energy announced.
The proposed changes seek to balance supply and demand, eliminate shortages, attract long-term investment, and create new jobs.
The Ministry emphasizes a gradual implementation approach with social support measures in place.
The plan includes guaranteeing agricultural producers access to affordable diesel fuel through transparent schemes while maintaining support for citizens.
The proposal is currently under discussion as part of a draft resolution on the Open NPA portal.
Original Author: Artem Volkov
Latest news
- Almaty Metro To Replace Korean-Controlled System After Technical Failures
- Fewer Kazakhstanis Work Outside Their Home Regions
- Safety Violations Cited As Possible Cause Of Kazzinc Plant Explosion
- Tenge Weakens Five Percent In May As National Bank Reports No Interventions
- New Direct Flights From Kazakhstan To Warsaw, Izmir, And Larnaca
- Kazakhstan Clarifies Position On Possible Iranian Uranium Storage
- EU Politicians Eye Kazakhstan And Uzbekistan As Possible Sites For Migrant Return Centers
- Kazakhstanis Are Leaving The Regions For Megacities
- Kazakhstan Could Store Iranian Uranium If US-Iran Nuclear Deal Is Reached
- Kazakhstan’s EV Boom Is Here. Is The Grid Ready?
- Cyprus President To Make First Official Visit To Kazakhstan
- Kazakh Investors May Gain Remote Access To Armenian Stock Market
- Call Center In Ukraine Scammed Kazakhstanis By Posing As Banks And Police
- Kazakhstan Marks Day Of Remembrance For Victims Of Political Repression And Famine
- Kazakhstan Considers Molecular Markers To Track Fuel Supply Chains
- Tengiz Oil Production Gradually Restored After Operational Failure
- Tokayev Meets Cuban Vice President To Discuss AI And Medicine
- Karaganda Zoo Shows Newborn Amur Tiger Cubs For The First Time
- Putin and Tokayev Consolidate New Format of Relations, Political Analyst Says
- Kazakhstan Releases Prices For All Non-Prescription Medicines
