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Kazakhstan will restrain fuel prices after the launch of the Common Economic Space. Fuel prices in Kazakhstan are going to be 10-13 percent lower than in Russia, Interfax-Kazakhstan reports. Kazakhstan Minister of Oil and Gas Sauat Mynbayev said that tax policies - excise taxes in particular - will be applied to regulate the fuel prices in the local market. He reminded that the customs terminals between the Common Economic Space member-countries will be eliminated starting from June 1 this year. “We will be able to keep our fuel prices 10-13 lower than in Russia,” said Mynbayev. Kazakhstan has been applying government control to restrain growth of retail prices of a number of oil products in the last few years.
Kazakhstan will restrain fuel prices after the launch of the Common Economic Space. Fuel prices in Kazakhstan are going to be 10-13 percent lower than in Russia, Interfax-Kazakhstan reports.
Kazakhstan Minister of Oil and Gas Sauat Mynbayev said that tax policies - excise taxes in particular - will be applied to regulate the fuel prices in the local market.
He reminded that the customs terminals between the Common Economic Space member-countries will be eliminated starting from June 1 this year.
“We will be able to keep our fuel prices 10-13 lower than in Russia,” said Mynbayev.
Kazakhstan has been applying government control to restrain growth of retail prices of a number of oil products in the last few years.
