Kazakhstan fixes maximum retail price on petrol, oil, lubricants

Oil&Gas Materials 7 March 2013 13:48 (UTC +04:00)

Azerbaijan, Baku, March 7 / Trend E. Kosolapova/

The Kazakh Agency for Regulation of Natural Monopolies fixed maximum retail prices on petrol, oil and lubricants, the Kazakh Oil and Gas Ministry reported.

The maximum retail price on oil products, which prices are under state regulation were fixed as follows: petrol AI-80 ≤ 89.0 tenge ($0.59)/ liter, petrol AI-92 ≤110.0 tenge ($0.73) / liter, diesel ≤ 102.0 tenge ($0.68) / liter including VAT.

The Order on 'Setting maximum prices on oil products prices' has been agreed with the Kazakh Oil and Gas Ministry and Economic Development and Trade Ministry and comes into force on the date of signing.