Kazakh gov to remove state regulation of gasoline prices

Starting from 2017, Kazakhstan will remove state regulation of AI-80 gasoline prices
Kazakh gov to remove state regulation of gasoline prices
23 November 10:51 2016 Print This Article

The Kazakh government will eliminate the state regulation of AI-80 gasoline prices starting from 2017, reported Kazakhstan Today daily citing Kazakh Energy Ministry.

Since 2019, it is also planned to remove the ban on the export of light oil products, according to the ministry.

Currently, Kazakh Energy Ministry considers to gradually remove the state regulation of the liquefied gas wholesale prices and develop an electronic commerce in this field, Kazakh Energy Minister Kanat Bozumbayev said.

Back in August 2016, Kazakhstan has suspended regulation of prices on diesel; while regulation of the AI-92/93 gasoline prices were stopped a year earlier, in September 2015.

“Thanks to the timely decisions to deregulate the price of AI-92 gasoline and diesel fuel, the risk of the deficit of petroleum, oil and lubricants decreased to a minimum,” quoted Kazakhstan Today Mr Bozumbayev as saying.

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