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Petrol price 17.4% up

16 august 2011, 16:12
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©RIA Novosti
©RIA Novosti
Since the start of the year, petrol price has grown by 17.4%, KazTag Agency quoted Alikhan Smailov, Head of the State Agency for Statistics, as saying.

According to Smailov, retail prices for petrol have grown 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.

Earlier 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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