Kazakh Oil and Gas Ministry explains reasons for expensive gasoline
Kazakhstan, Astana, April 9 / Trend, D. Mukhtarov /
Gasoline once again rose in price in Kazakhstan due to a growth in world prices for crude, the country's Oil and Gas Minister Sauat Mynbayev told journalists.
"An increase in prices is due to the level of prices for imported oil products. With the current price, when a barrel of Brent crude oil costs $124, no one will supply it at a loss," Mynbayev said responding to journalists' questions about exceeding maximum prices for gasoline, previously set by the government.
He said oil traders supply oil products at prices that allow them to achieve profitability. Previously maximum price set by the Ministry, particularly for Ai-92 gasoline, amounted to 106 tenge per litre. Now it has increased up to 112 tenge.
"Increasing prices for gasoline is a decision of the Antimonopoly Committee. The price depends on market conditions and it is impossible to set a single price forever," Mynbayev said.