According to him, the Cabinet intends to ensure sufficient fuel supplies for the domestic market through the end of the year, but the final retail prices will depend on global market conditions and the terms of new supply contracts.

«If there is a source of fuel available globally, we will definitely purchase it, regardless of the price. The market will be supplied with fuel and lubricants,» he stated.

Daniyar Amangeldiev noted that current petroleum product prices are unjustifiably high and are primarily due to shortages. The situation was influenced by the geopolitical situation, events in the Middle East, and the shutdown of some oil refining capacity in Russia.

According to him, when the state support mechanism was launched, a ton of gasoline cost approximately $860; now, the price of some contracts reaches approximately $1,400.

To ensure that oil traders continue to purchase fuel at high prices, the Cabinet has introduced a mechanism to compensate part of their costs from the republican budget. Authorities are verifying the cost of each incoming shipment, including delivery costs, and establishing acceptable margins for suppliers.

State regulation primarily applies to AI 92 gasoline and diesel fuel. AI 95 gasoline, which the authorities do not consider a socially significant product, is sold at the market price, but its price is also monitored by the antimonopoly authority.

«Diesel fuel is used in the mining industry, manufacturing, agriculture, and public transportation. A sharp increase in its price will inevitably lead to price increases in other sectors,» the First Deputy Cabinet Chairman noted.

Amangeldiev added that the authorities will continue to compensate for part of the difference between the purchase and retail prices of fuel in order to contain the prices of AI 92 and diesel fuel.