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
- Kazakhstan Offers EU A Broader Partnership In Eurasia
- Oil Leak Reported In Caspian Sea Near Azerbaijan Coast
- Kazakhstan To Build 250 Roadside Service Stations For 180 Billion Tenge
- Police Chase With Kazakh Driver In Phuket Ends In Crash And Injuries
- Foreigners Moving To Kazakhstan Are Choosing Big Cities Over Most Regions
- Turkestan Region Leads Kazakhstan In Twin Births
- From Grain To AI: What Kazakhstan Brought To Afghanistan
- Helicopters Drop 39 Tons Of Water On Forest Fire In East Kazakhstan
- Kazakhstan Tightens Border Checks Despite Saying There Is No Fuel Shortage
- Kazakhstan Seeks Greek Investment In Energy And Transport
- Global Rating Agency Confirms Kazakhstan’s Investment-Grade Status
- Kazakh Company Sent $16 Million To China, Got No Goods And A Huge Fine
- Kazakh Parties Are Losing Focus With Overly Broad Programs, Expert Says
- Almaty Man Registered 990 People In One-Room Apartment And Received Sentence
- Montenegro President Makes First Official Visit To Kazakhstan
- Gas Prices In Kazakhstan To Rise From July 1
- Kazakhstan’s Oldest Gold Mining Company Resold For 8.7 Billion Tenge
- Kazakhstanis With Disabilities Can Check Building Accessibility Online
- Tokayev Praises Pakistan’s Role In Iran-U.S. Memorandum
- Kazakhstan Plans New Mountain Resort Town In The South
