Kazakhstan to raise fuel prices by 11-20% -acting energy minister

Kitco Media
By Reuters
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Reuters
April 3 (Reuters) - Kazakhstan plans to raise its ceiling on 92/93-octane gasoline prices by 11% and that of diesel by 20% in order to bring them into line with those in neighbouring countries, acting energy minister Bolat Akchulakov said on Monday. The oil-rich nation has some of the world's lowest fuel prices. The increases will raise the price of gasoline to 205 tenge ($0.4528) per litre, or $1.70 per gallon, while diesel will rise to 295 tenge ($0.6516) per litre, or $2.50 per gallon. ($1 = 452.7300 tenge) (Reporting by Olzhas Auyezov; editing by Jason Neely)

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