Petrol rises in price by 20 percent in Kazakhstan

Oil&Gas Materials 25 January 2012 15:17 (UTC +04:00)

Kazakhstan, Astana, Jan. 25 / Trend L. Podolayak /

The price of AI-92 petrol increased by 20 percent in Kazakhstan in 2011, KazAgroMarketing said today.

According to the company, summer diesel fuel increased in price by 26 percent, diesel oil by 28 percent, AI-80 petrol by 19 percent, AI-92 petrol by 19 percent, and AI-95 petrol by 38 percent.

The increased fuel prices are stipulated by such factors as the imbalance between supply and demand, internal petroleum refining problems, and the dependence on the world oil market. Analysts say a rise in oil prices was recorded in early 2011.

There is a ban on petrol and diesel fuel exports to restrain fuel prices and to prevent shortages on the Kazakh domestic market. Prices on some oil products are regulated by the state.