28 January 2013 | 21:38

Kazakhstan Government will adjust oil prices for Customs Union

ПОДЕЛИТЬСЯ

Kazakhstan OIl and Gas Minister Sauat Mynbayev. Photo by Danial Okassov© Kazakhstan OIl and Gas Minister Sauat Mynbayev. Photo by Danial Okassov©

Kazakhstan Oil and Gas Ministry has asked the Government to develop adequate oil pricing policies. According to Oil and Gas Minister Sauat Mynbayev, Kazakhstan has to decide on how to work in the Custom Union market that has no borders, Tengrinews.kz reports. “Serik Akhmetov, we have to finally decide: we have no borders and no customs points between Russia and Kazakhstan. The price gap should not be large in such conditions. Otherwise it turns out that we are importing oil products that we compensate with oil and then we export part of the imported diesel. So we are losing three times here. We need some adequate and realistic pricing policy for oil products, as we don’t have the borders anymore,” Sauat Mynbayev said at the meeting. According to the Minister, the Agency on Natural Monopolies Regulations understands this problem very well. The Minister reminded that there were rules for setting retail prices in 2012. Thanks to that, according to him, it was possible to smooth out the spikes of oil prices in the world, especially those that happened during the seasonal consumption peaks. “But practice shows that such tools should be used carefully, otherwise we can face a shortages. Import is commercial supplies and nobody will make them at their loss. We should consider the economy of these supplies when setting the ceiling prices at the local market. Unfortunately, in certain periods the price gap was so significant that we saw reverse export of diesel fuel to Russia, which caused a partial deficit, e.g. in Pavlodar oblast,” Mynbayev said. By Gulnara Zhandagulova


Иконка комментария блок соц сети
Kazakhstan Oil and Gas Ministry has asked the Government to develop adequate oil pricing policies. According to Oil and Gas Minister Sauat Mynbayev, Kazakhstan has to decide on how to work in the Custom Union market that has no borders, Tengrinews.kz reports. “Serik Akhmetov, we have to finally decide: we have no borders and no customs points between Russia and Kazakhstan. The price gap should not be large in such conditions. Otherwise it turns out that we are importing oil products that we compensate with oil and then we export part of the imported diesel. So we are losing three times here. We need some adequate and realistic pricing policy for oil products, as we don’t have the borders anymore,” Sauat Mynbayev said at the meeting. According to the Minister, the Agency on Natural Monopolies Regulations understands this problem very well. The Minister reminded that there were rules for setting retail prices in 2012. Thanks to that, according to him, it was possible to smooth out the spikes of oil prices in the world, especially those that happened during the seasonal consumption peaks. “But practice shows that such tools should be used carefully, otherwise we can face a shortages. Import is commercial supplies and nobody will make them at their loss. We should consider the economy of these supplies when setting the ceiling prices at the local market. Unfortunately, in certain periods the price gap was so significant that we saw reverse export of diesel fuel to Russia, which caused a partial deficit, e.g. in Pavlodar oblast,” Mynbayev said. By Gulnara Zhandagulova
Читайте также
Join Telegram
Kazakhstanis advised to leave Ukraine
Sirens to sound throughout Kazakhstan
COVID-19 may shrink cancer tumors
Earthquake struck Kyrgyzstan overnight
Apple stops making popular device
Kazakhstan may have its own Antalya
How Tokayev was greeted in Serbia
Abkhazia's president signs resignation
How Kazakhstanis will rest in December
Лого TengriSport мобильная Лого TengriLife мобильная Иконка меню мобильная
Иконка закрытия мобильного меню

Exchange Rates

 498.34   521.17   4.92 

 

Weather

 

Редакция Advertising
Социальные сети