Azernews.Az

Friday March 29 2024

Kazakhstan terminates state regulation of gasoline prices

22 November 2016 14:37 (UTC+04:00)
Kazakhstan terminates state regulation of gasoline prices

By Trend

The Kazakh government will terminate the state regulation of AI-80 gasoline prices starting from 2017, the Kazakh Energy Ministry reported.

The ban on the export of light oil products will be lifted starting from 2019, the ministry said.

Currently, Kazakh Energy Ministry considers the issue of phased cancellation of the state regulation of the liquefied gas wholesale prices.

In August 2016, Kazakhstan stopped regulating the diesel fuel prices. Regulation of the AI-92/93 gasoline prices were stopped even 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,” Kazakh Energy Minister Kanat Bozumbayev was quoted as saying by the ministry.

---

Follow us on Twitter @AzerNewsAz

Loading...
Latest See more