Fuel Prices Kazakhstan
Fuel Pricing Policies
"Pricing policy: Government sets ceilings on retail prices and influences fuel prices. Retail prices have been frozen for months at a time, for example the price of 92 RON gasoline in Astana between August 2011 and March 2012. Because wholesale prices are not controlled, recently wholesale prices—governed in part by import prices—have exceeded retail prices. In Aug 2011, the oil ministry and oil companies signed a memorandum to limit wholesale prices to 87% of maximum retail prices. There is a preferential lower price for diesel supplied to farmers. In 2012, the preferential price was 10–15% below the non-agricultural diesel price level.
Use of export ban to lower domestic prices: Regional shortages of gasoline and diesel have prompted government to introduce seasonal export bans on petroleum products to ensure sufficient domestic supplies. In May 2010, government banned exports for six months. The expiration of this ban has since been repeatedly extended, from Nov 2010 to May 2011, July 2011, Dec 2011, Jul 2012, Dec 2012, and most recently to end-Jun 2013.
Use of export tax to lower domestic prices: Although not as high as those in Russia, export duties are sizable, and were increased to US$114.05 /tonne in Aug 2011 for light products.
Information: The Statistical Agency of Kazakhstan posts monthly average prices of gasoline and diesel in 18 cities on its Web site."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
|Gasoline 95 Octane||Diesel|
|in Local Currency||
* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
No information available.
At a Glance
Sources to the Public
|Type of Information||Web-Link / Source|