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09.08.2018

Reasons for rising cost of diesel fuel in Kazakhstan are explained by KAZENERGY

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Price for diesel fuel in Kazakhstan has risen due to increase of prices for oil refinery plant. Executive Director of KAZENERGY Rustem Kabzhanov declared thereof during the briefing in "Atameken" NCE, Kazpravda.kz correspondent informs.

"If we take the price at the nozzle of a filling station, the price formed as of today is 185 to 187 tenge per liter of diesel fuel. Rising cost was due to increase of processing rate at plants. Following the results of modernization there were expenditures forming the structure of self cost. It is 150 tenge per liter at a plant. We add transportation of approximately 5 tenge, storage at petroleum bases - it is four tenge per liter and nearly two tenge per liter of income. Price for agriculture workers will be nearly 161 tenge per liter. This is average price, i.e. the difference is nearly 26-30 tenge depending on the region. These are real prices we are taking about", - Kabzhanov said.

 

Besides that, he told the reasons for rising cost of diesel fuel concerning the spring prices.

"The reason is temporary excise duty. Approximately ten thousand tenge per ton took place. Everything is getting expensive, cost ups and downs impacts the oil, "processors" and plants consider what discounts they can offer. To avoid going red they must obtain a certain margin. This is commercial product. Oil workers went towards these 30 thousand tenge of discount and gave lower-priced fuel", - Kabzhanov added.

 

According to him, now, Kazakhstan provides independently nearly 90 per cent of production of diesel fuel.

"Nearly 10 per cent is import. The price will always change. Everything depends on the Kazakhstan economy and economy as a whole. If there is no negative trends in the economy, the prices will likely to change. But which way -  it depends on the economic situation", - Kabzhanov noted.

At the same time he shared his opinion concerning how the tenge rate change would impact the price and production.

"All the fluctuations somehow reflect, but to what extent and in what part, I think, is to be considered on a certain product. I believe it is incorrect to directly say that one factor impacts the other one. It must not have impact on internal production. Saying about import, then yes", - Kabzhanov concluded.

Zhanat Tukpiyev

«...Domestic business, the so-called national bourgeoisie, should be supported in every possible way, and those who prevent its development by unreasonable inspections, extortions, raids should be strictly punished...»

Statement from the President of Kazakhstan Kassym-Jomart Tokayev at an enlarged meeting of the Government on 15 July 2019

Zhursunov R.M.

Ombudsman for the Protection of the rights of Entrepreneurs of RK

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