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
- Ecology Ministry Explains 13 Million Tenge Fine For Picking Dandelions
- Kazakhstan Refineries Increase Oil Processing Depth To 90%
- High Rates No Longer Keep Kazakh Banks’ Profits Rising, Analysts Say
- Almaty Health Officials Prepare for Possible Hantavirus Cases
- Ministry Says Saiga Deaths Remain Within Natural Limits
- Kazakhstan Faces Shortage of Doctors and IT Specialists
- Kazakhstan Petition Calls for VAT Removal on Feminine Hygiene Products
- Kazakhstan to Publish Register of Convicted Economic Crime Offenders
- Kazakhstan’s Economy Grew 3.6% in Four Months
- Shymkent Colleges Used Fictitious Students to Steal Over 1.3 Billion Tenge
- Almaty Court Extends Chechen Activist’s Extradition Arrest
- Record Rainfall Hits Almaty
- Falling Caspian Sea Level Reshapes Northern Coastline
- Kazakhstan Says It Is Ready To Help Resolve Iran’s Nuclear Issue
- Pashinyan Explains Why He Will Skip The EAEU Summit In Astana
- Kazakhstan To Gradually Cut University Programs In Oversupplied Fields
- Kazakhstan Offers Indonesia A Route To Central Asia And Europe
- Kazakhstan Tightens Rules for Master Plans and Urban Development
- Kazakhstan Approves Rules for Digital Tenge Circulation
- Military Jets to Conduct Training Flights Over Astana
