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Increase in Kazakhstan’s oil transportation tariff to slightly affect cost of end product

Oil&Gas Materials 6 November 2012 18:23 (UTC +04:00)

Kazakhstan, Astana, Nov. 6 / Trend D. Mukhtarov /

Increasing the oil transportation tariffs, planned by Kazakh company "KazTransOil" from December 1, will not greatly affect the cost of the end product, head of the company Kairgeldy Kabyldin told Trend today.

He said that a pumping rate has not been changed for 12 years in the Kazakh domestic market. Today it is one percent of the cost of petroleum products. The price on petroleum products has been increased threefold for the last 12 years.

"Our increase in the rate will slightly affect the cost of the end product," he said. "Our share in the end product will hit 1.7 percent. This increase will not lead to inflation."

He added that the company renders the services to the oil companies, rather than the end consumer. The analysis of changing the yield has shown that it is below the rate of inflation.

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