Kazakhstan to regulate wholesale prices for oil products.

By bne IntelliNews March 5, 2013
Kazakhstan may regulate the wholesale pricing of oil product. The government is presently drafting the relevant law, Deputy Chairman of the Agency for Natural Monopolies Regulation Anatoly Shkarupa has informed. He explained that retail prices are under the threat as any fluctuation in wholesale price can immediately result in retail distributors' bankruptcy. To remind, Kazakhstan imposed a limit retail prices for gasoline and diesel fuel (Al-80/90/93) in December 2009. The move came after a sharp increase in gasoline prices in Kazakhstan's south.

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