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Kazakhstan temporarily regulates fuel prices

Kazakhstan temporarily regulates fuel prices

Nursultan, Jan 6 (Prensa Latina) The Kazakhstan government applied from Thursday a cap on fuel prices and imposed a moratorium on the increase of utility tariffs in response to the protests shaking the country.
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“Maximum prices were set for 180 days for the retail sale of liquefied petroleum gas to fuel vehicles in Kazakhstan,” said the statement published on the Executive’s official website.

At the same time, it indicated that the temporary regulation of gasoline and diesel fuel prices for six months was introduced.

During the same period of time, the Kazakh authorities prohibited raising utility tariffs (heating, gas, electricity and water supply) and the export of livestock in order to stabilize meat prices.

In addition, they postponed the full transition of the sale of liquefied petroleum gas through the e-commerce platform for one year, one of the reasons for the rise in fuel prices.

Demonstrations began on January 2 in the southwestern cities of Zhanaozen and Aktau, where residents protested against the rise in liquefied natural gas prices.

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