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No petrol price hikes in September: Ministry of Oil and Gas

22 august 2011, 23:41
0
©RIA Novosti
©RIA Novosti
Kazakhstan’s Ministry of Oil and Gas has announced that there will be no petrol price hike in September, Tengrinews.kz reports, citing the Ministry’s Press Service.

Respective statement was issued by the Ministry August 22. According to the Press Service, retail price ceiling will be as follows: $0.72 per liter of AI-92/93; $0.58 per liter of AI-80; and $0.61 per liter of diesel fuel.

August 19 Tengrinews.kz quoted KazTag Agency’s report that Kazakhstan’s Government planned to raise retail price ceiling for fuel by 12-14% starting from September 1, with KazTag citing an unnamed source in the Oil and Gas Ministry.

It was reported earlier that since the start of the year petrol price had grown by 17.4%, with prices set by oil refineries growing by 23%. Retail prices for diesel fuel have grown by 20% since the start of the year.

Besides, Tengrinews.kz reported that In January – July 2011 petrol production in Kazakhstan had dropped 16% as compared to the like period of 2010.

According to the stats, production figure for the period made up 1.5 million tons, 15.9% down against the same period of 2010.

As of today there are 3 oil refineries in Kazakhstan [based in Pavlodar, Atyrau and Shymkent]. In 2010, the three refineries processed a total of 13.7 million tons of crude, 570 000 tons over the plan.

Late July Kazakhstan had set retail price ceiling for fuel for August. Retail prices for petrol in August will look as follows: $0.72 per liter of AI-92/93; $0.58 per liter of AI-80; and $0.61 per liter of diesel fuel.

The ban on fuel exports has been expanded to the end of the year.


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