Kazakhstan’s Ministry of Oil and Gas sets retail price ceiling for fuels for July

Kazakhstan’s Ministry of Oil and Gas has set a price ceiling for fuel for July, Tengrinews.kz reports, citing the Ministry’s Press Service.“In accordance with a resolution adopted at a recent sitting on stable domestic prices for fuel, retail price ceiling for AI-92-93 has been set at $0.7, for AI-80 at $0.57 and for diesel fuel at $0.59 per liter”, the Ministry’s Press Service reported.Earlier it was reported that Kazakhstan had extended the ban on exports of fuels to the end of 2011.The current ban on fuels exports is in effect before July 1. The ban has been introduced to prevent fuel deficit and consequent price hikes during the grain sowing campaign.