Kazakhstan extends ban on light petroleum products export
Kazakhstan, Astana, April 30 / Trend A.Maratov /
The Kazakh government has extended the current temporary ban on the export of light oil products, the Oil and Gas Ministry reported.
Prime Minister Karim Massimov signed the Resolution on extending the ban on export for certain types of fuel and lubricants till July 1, 2011. The ban on export for fuel and lubricants was extended once again in November last year. It will be in effect till May 1, 2011.
The ministry reported that the upmost retail price at the country's filling stations is as following: A-92 - 99 tenge per liter, AI-80 - 82 tenge per liter and diesel fuel - 86 tenge per liter.
"Based on Russian Deputy Energy Minister Sergei Kudryasev's statement the growth on the gasoline prices will not exceed five percent in Russia," the ministry reported.
Roughly 35 - 40 percent of high-octane gasoline is imported to Kazakhstan from Russia.
"Despite the possible increase in petrol prices at the Russian filling stations, a price corridor with an approximate difference of 10-13 percent will always exist between the petroleum prices in Kazakhstan and Russia to prevent the overflows of oil products from Kazakhstan," the ministry reported.
Belarus, Kazakhstan and the Russian Federation signed a tripartite agreement on the procedure of organization, management, operation and development of common markets of the oil and petroleum products in these countries. The document was signed within the Common Economic Space (CES) in Moscow on Dec.9, 2010.
The tripartite agreement is to identify the basic principles aimed at creation of the common markets of the oil and oil products of the CES member, as well as the development of competition in these markets.