Kazakhstan to raise commercial gas prices by average of 33% from July

Kazakhstan is set to increase the price of commercial gas by an average of 33 per cent from July 1, Deputy Energy Minister Kayyrkhan Tutkyishbaev announced.

Speaking during a briefing at the Central Control Centre, he said the country has recently experienced a decline in gas production due to technical issues at several fields, including the Tengiz field. However, he noted that domestic supply to households has not been affected, with demand covered through transit volumes supplied by the national operator QazaqGaz, Caliber.Az reports via Kazakh media. 

“From 1 July, we expect the average price of commercial gas to rise by 33 per cent. This is being done to ensure we can get through the heating season without disruption and to replace the gas infrastructure,” Tutkyishbaev said.

Officials said the measure is aimed at stabilising supply and funding infrastructure upgrades ahead of peak seasonal demand.

Earlier, Deputy Prime Minister Serik Zhumangarin indicated that the expected tariff increase could add around 0.2 per cent to inflation.

By Sabina Mammadli