Article 14. State regulation of prices for petroleum products The Law on State Regulation of Production and Turnover of Certain Types of Petroleum Products

Home / RLA / Article 14. State regulation of prices for petroleum products The Law on State Regulation of Production and Turnover of Certain Types of Petroleum Products

1. In order to ensure economic security in the Republic of Kazakhstan, state regulation of prices for the retail sale of petroleum products through stationary gas stations and for the wholesale sale of petroleum products intended for sale at stationary gas stations of significant social importance, as well as having a significant impact on the economy of the Republic of Kazakhstan, may be established in accordance with the procedure approved by the authorized body in the field of production of petroleum products.

2. The authorized body in the field of production of petroleum products, in coordination with the authorized body responsible for the management of natural monopolies, sets the maximum prices for the retail sale of petroleum products through stationary filling stations and for the wholesale sale of petroleum products intended for sale at stationary filling stations for which state price regulation is established.

3. Persons engaged in the retail sale of petroleum products through stationary filling stations are required not to exceed the established marginal prices for the retail sale of petroleum products for which state price regulation is established.

Persons engaged in the wholesale sale of petroleum products for stationary gas stations are required not to exceed the established marginal prices for the wholesale sale of petroleum products for which state price regulation is established.

4. In cases of state regulation of prices for the retail sale of petroleum products through stationary gas stations and for the wholesale sale of petroleum products intended for sale at stationary gas stations, marginal prices are set no more than once a month.

The Law of the Republic of Kazakhstan dated July 20, 2011 No. 463-IV.

This Law regulates public relations arising in the process of production and turnover of certain types of petroleum products: gasoline, aviation and diesel fuel, fuel oil, road bitumen.

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