The regulation of prices for diesel fuel will not be controlled. According to Vice Minister of Energy Asset Magauov this is necessary to avoid shortage. Experts claim sudden hikes in prices after withdrawal of state control shouldn’t happen. Moreover, there are reserves in the country. So, the real prices will be regulated by the market. However the selling price will remain at the level of 79 tenge for the harvesting needs. The stock of 400,000 tons for farmers at the abovementioned price has been already formed.

 

Asset MAGAUOV, KAZAKH VICE MINISTER OF ENERGY:

First of all, the current decision was dictated for elimination of fuel shortage in August. According to our estimates further delay would lead to shortage. We believe that the reform should be carried out and the market prices should be formed. The overall market is in good condition in terms of reserves. And, our decision should not lead to sharp price fluctuations.

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