Azerbaijan, Baku, Feb. 8 / Trend E. Kosolapova/
The Kazakh Fuel Association, which includes 18 organizations selling oil products in the domestic market of Kazakhstan, proposes to increase petroleum products prices in the country. In this way the association intends to reduce the price gap with Russia to 10 percent from the current 20 - 30 percent, the association chairman Bolat Auetaev said on Wednesday, Novosti-Kazakhstan reported.
"We should reduce the price difference between Kazakhstan and Russia to 10 percent for stabilizing the situation in the domestic market of petroleum products," Auetaev said at a press conference.
According to Auetaev, Kazakh market is unstable and oil selling companies do not have necessary volumes of oil products.
"This situation was provoked by the government regulation of retail prices, imbalance between the oil prices in Russian and Kazakh markets and reduction of oil supplies from Russia, who supplies 30-40 percent of oil products demanded by Kazakhstan," Auetaev said.
Meanwhile, Auetaev proposed to introduce state regulation of wholesale oil prices.
"Currently, the government is regulating only retailers. We propose to regulate wholesalers too," Auetaev said.
...