Kazakhstan approves maximum retail prices of fuels & lubes

Kazakhstan’s Energy Ministry approved new price limits on fuels and lubricants for retail sale.

The ministry said in a message that the Kazakh energy minister’s order on setting price limits for retail sale of the state-regulated petroleum products was made public on Dec. 10.

Under the order, Kazakhstan will use from Dec. 10 the following maximum prices for retail sales of oil products (with state’s price regulation) taking into account VAT: diesel fuel – 107 KZT per liter; AI-80 gasoline – 89 KZT per liter, AI-92/93 – 115 KZT per liter. ($1 is equal to 181.7 KZT).