Kazakhstan Ministry to Sanction Gelios for Inflating Gasoline Prices

July 11, 2011
The Kazakhstan Oil and Gas Ministry will enact sanctions against the Gelios company for inflating prices on RON-92 and RON-93 gasoline, Oil and Gas Minister Sauat Minbayev said.

"The price for RON-92 and RON-93 will remain 102 tenge as it was before. Gelios inflated the prices and steps will be taken", he said, repsonding to a question from journalists on why the company had raised prices to 122 tenge.

KAZINFORM reports that the limit on gasoline prices for this type of fuel is 102 tenge.

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