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Karabalin: another lowering of petrol prices possible in Kazakhstan

February 25 2015, 11:49

First Deputy Minister of Energy of Kazakhstan Uzakbai Karabalin doesn't rule out another lowering of petrol prices in Kazakhstan, he said at the CCS media briefing.

"We have lowered the prices for gasoline three times over the last two months. It is conditioned by the lowered prices for oil," U. Karabalin said, reports.

According to him, if the oil prices continue to decline, the gasoline prices will continue the fall as well.

"However, if the oil prices rise, the prices for gasoline will go up," U. Karabalin added.

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