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According to the Company’s Marketing Director, the only economic solution could be more favorable conditions for import of fuel as the domestic production capacities cannot meet the demand for high-octane 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.

Tengrinews.kz reported earlier that since the start of the year petrol price had grown by 17.4%.

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

Kazakhstan National Bank is forecasting an increase of prices for fruits, vegetables, eggs, milk and meat products, clothes, shoes and some of public utilities in Q4 2011.

In August the wholesale price for petrol shall not exceed 87% of the retail price ceiling set by the Oil and Gas Ministry.

July 26 the Ministry had announced a minor price hike as compared to the price level set for July.

According to him, there will be no sharp price hikes, nor fuel shortages.

Representatives of Helios, Aurika and Oil fuel companies held a press-conference in Astana.

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 draft law seeks to set fixed prices for certain types of petroleum products of importance to socially vulnerable groups of population.

For previously-owned vehicles of 5 years old and older, the duty rate will be Euro 4 per cubic centimeter for engines of 1800-3000 cubic centimeters, whereas the “old” duty rate was Euro 0.35.

The Ministry’s press service reports that Kazakhstan will keep on regulating retail prices at the country’s pumps even after July 1, 2011 when customs barriers between the Customs Union member states are removed.

We cannot and should not deny changes of global prices: such an attempt would undermine local production: Agriculture Minister Asylzhan Mamytbekov.

Big difference in prices for gasoline of popular brands AI-92 and AI-93 in Kazakhstan and Russia may cause their deficiency: Sauat Mynbayev.

The draft law seeks to establish a sole national operator of marketable gas supplies: the operator shall have the preemptive right to purchase processed associated gas: Oil and Gas Minister Sauat Mynbayev.

Significant raise of gas prices is possible in several regions of Kazakhstan by 2015: Timur Kulibayev.

Deputy director of the Center for Analysis of Social Problems talked about the possibility and reasons of fuel crisis in Kazakhstan.

There are no grounds to interfere with the fuel market so far: Kazakhstan Anti-Monopoly Agency.