Kazakhstan Chamber of Commerce in the USA

KazCham


Kazakhstan to stop regulating gasoline prices at the state level

Posted on December 11, 2016 by KazCham

Centil Law Firm BI@centil.law

The Kazakh government will terminate the state regulation of AI-80 gasoline prices starting from 2017, according to the Kazakh Energy Ministry. There are plans to lift the ban on the export of light oil products by 2019.

In August 2016, Kazakhstan stopped regulating diesel fuel prices, and stopped regulating AI-92/93 gasoline prices even earlier in September 2015. Due to the decision to deregulate the price of AI-92 gasoline and diesel fuel, the risk of the deficit of petroleum, oil and lubricants decreased to a minimum.

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