The Cabinet Chairman noted that the current situation related to rising oil product prices is a direct consequence of the escalating geopolitical situation in the Middle East. This factor has led to an increase in purchasing prices worldwide.

He added that the Cabinet has so far managed to prevent a sharp price hike at the country’s gas stations. This was made possible thanks to domestic fuel reserves, which help mitigate external influences and ensure a gradual increase in fuel and lubricants prices.

At the meeting with representatives of fuel companies, additional financial and tax instruments were thoroughly worked out that will be implemented in the event of continued instability in global markets. In particular, the Cabinet of Ministers is considering the issue of direct state subsidies.

Adylbek Kasymaliev noted the importance of a consolidated position between the state and business. He emphasized that oil traders should demonstrate high social responsibility.

Following the meeting, he made a number of instructions. Specifically, the Antimonopoly Service was instructed to switch to daily monitoring of pricing and inventory levels at all oil depots across the country, while the Ministry of Energy was instructed to ensure uninterrupted logistics and replenishment of reserves within the framework of intergovernmental agreements.

Concurrently, relevant government agencies were instructed to immediately suppress any attempts to create artificial shortages or speculatively inflate fuel prices.