Oil and Gas Minister admits fuel shortagesIt 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.
Petrol price 17.4% upEarlier Tengrinews.kz reported that In January – July 2011 petrol production in Kazakhstan had dropped 16% as compared to the like period of 2010.
16 August 2011
National Bank forecasing food prices raiseKazakhstan 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.
Ministry of Oil and Gas sets retail price ceiling for fuelThe 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.
01 June 2011
Kazakhstan seeking to stabilize food pricesWe cannot and should not deny changes of global prices: such an attempt would undermine local production: Agriculture Minister Asylzhan Mamytbekov.
Kazakhstan’s Government drafts a law to regulate gas suppliesThe 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.
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