How much does gasoline cost in Kazakhstan? Price analysis, comparison and forecast

2024 Author: Henry Conors | [email protected]. Last modified: 2024-02-12 02:54

Kazakhstan belongs to the category of oil-producing countries and is among the top twenty countries in terms of proven reserves of raw materials - about 11-12 billion tons of oil. Gasoline fuel prices in the Republic of Kazakhstan are among the lowest in the entire CIS. According to Globalpetrolprices, the country is in 11th place in the global ranking of countries with the lowest cost of gasoline. With an average price of $0.48 per liter, Kazakh fuel is cheaper than in Russia, Saudi Arabia and the United States of America. Below you can find out how much gasoline costs in Kazakhstan, its price in terms of Russian rubles and a forecast for its change in the near future. The data in this article is current as of December 2018.

How much does a liter of gasoline cost in Kazakhstan?

From the beginning of 2018, the dynamics of gasoline fuel prices looks positive for Kazakhstani drivers. On average, from January to November of the reporting year, the cost of the mostdemanded AI-92 gasoline fuel fell by 2.63%, AI-96 - by 1.17%, while AI-98 gasoline rose in price by 1.46%. According to experts, this is due to an oversupply of gasoline fuel in the domestic market, observed by the end of the year. The average cost of gasoline in Kazakhstan in November 2018 is shown below. To provide information on how much gasoline costs in Kazakhstan in rubles, for the purposes of conversion, the exchange rate of the National Bank of the Republic of Kazakhstan as of 2018-17-12 is used, which is 5.59 tenge per 1 ruble.

• AI-92 - 155 tenge (27.7 rubles);
• AI-95/AI-96 - 176 tenge (31.4 rubles);
• AI-98 - 192 tenge (34.3 rubles).

Where is the cheapest gasoline in Kazakhstan?

Retail prices for gasoline fuel vary by city. Thus, the highest price point falls on the city of Alma-Ata - residents of the southern capital of the republic cost a liter of gasoline on average 162 tenge or 28.9 rubles. This is 13 tenge (2.3 rubles) more than the price paid for fuel in Uralsk and Atyrau. You can find out more about how much gasoline costs in Kazakhstan by city below.

	AI-92		AI-95/AI-96		AI-98
	in tenge	in rubles	in tenge	in rubles	in tenge	in rubles
Astana	155	27, 7	175	31, 3	203	36, 3
Alma-Aty	162	28, 9	182	32, 5	195	34, 8
Shymkent	154	27, 5	174	31, 1	190	33, 9
Aktau	158	28, 2	175	31, 3	188	33, 6
Aktobe	152	27, 1	175	31, 3	187	33, 4
Atyrau	149	26, 6	185	33, 1	188	33, 6
Zhezkazgan	153	27, 3	170	30, 4	-	-
Kokshetau	155	27, 7	174	31, 1	188	33, 6
Karaganda	152	27, 1	172	30, 7	188	33, 6
Kostanay	153	27, 3	177	31, 6	199	35, 5
Kyzylorda	152	27, 1	173	30, 9	-	-
Uralsk	149	26, 6	173	30, 9	188	33, 6
Ust-Kamenogorsk	155	27, 7	176	31, 4	188	33, 6
Pavlodar	153	27, 3	176	31, 4	190	33, 9
Petropavlovsk	153	27, 3	177	31, 6	-	-
Families	153	27, 3	174	31, 1	188	33, 6
Taldykorgan	156	27, 9	175	31, 3	-	-
Taraz	153	27, 3	169	30, 2	-	-
Turkestan	154	27, 5	174	31, 1	-	-

Forecast of gasoline prices in Kazakhstan

The question of how much gasoline costs in Kazakhstan in 2019 will be one of the most pressing for both local drivers and those who are going to go to this country. According to experts, in the coming years, an increase in prices for Kazakhstani gasoline fuel is inevitable. There are a number of reasons for this:

• opening borders for the export of locally produced gasoline abroad, which may lead to a shortage of fuel and its subsequent rise in price;
• formation of a unified pricing policy for gasoline within the Eurasian Economic Community, which means that Kazakhstan will focus on the more expensive Russian gasoline fuel market in the pricing process;
• increase in import excises, which will limit competition among fuel sellers and lead to higher prices.

However, one should hardly expect sharp jumps in gasoline prices. With an unreasonable one-time rise in price of thisfuel in the country, social tensions may arise, which carries a number of risks for the stability of the country. In case of unforeseen price fluctuations as a result of market conditions, the government of the Republic of Kazakhstan has economic and legal levers to regulate gasoline prices.