Gas and diesel - The Times Of Central Asia

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Turkmenistan Among Ten Countries With Cheapest Gasoline

According to the Global Petrol Prices portal, the average price of gasoline worldwide is $1.21 per liter as of September 30, 2024. “However, there is a substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices,” the report explains. Iran, Libya, and Venezuela have the lowest diesel fuel prices. Singapore, Israel, Finland, Albania, Switzerland, Liechtenstein, Iceland, the Central African Republic, Monaco, and Hong Kong have the highest prices. The highest price is noted in Hong Kong, where one liter of gasoline is $3,279. Turkmenistan has the lowest oil prices among Central Asian countries. One liter of gasoline costs $0.429, making it among the top 10 countries in terms of low prices. In Kazakhstan, the price of one liter of gasoline is $0.508. In Kyrgyzstan, it is slightly higher—$0.880. The most expensive price in the region is in Uzbekistan, where the price of one liter of gasoline is $0.983. There is no information about the price of gasoline in Tajikistan.

Oil & Gas Economy Oil and Gas Gas and diesel gasoline Oil refinery Energy Infrastructure

Kyrgyzstan to Modernize Oil Refinery in Jalal-Abad

On September 28, Kyrgyzstan's largest oil refinery, located in the southern city of Jalal-Abad, began a large-scale modernization. Operated by Kyrgyz Petroleum Company, the refinery produces AI-80 gasoline, diesel fuel, and fuel oil. Kyrgyzstan's annual gasoline and diesel fuel demand is 1.4 million tons. The refinery in Jalal-Abad can meet only 6.5% of that demand. After the modernization project, the refinery will be able to meet 32% of the domestic demand. After modernization, AI-92 and AI-95 gasoline production would increase more than 12-fold, and diesel fuel production would grow by 40%. The total investment in modernizing the refinery will amount to $410 million, including $200 million in foreign investments and $110 million from the Kyrgyz government. Today, almost all gasoline and diesel fuel used by Kyrgyzstan is imported from Russia. The Times of Central Asia earlier reported that Kyrgyzstan proposed oil-rich Azerbaijan to sign a long-term contract to supply Azeri crude oil to Kyrgyzstan. Azeri crude oil is needed for Kyrgyzstan’s Junda oil refinery. Located in Kara-Balta, about 100 kilometers west of Bishkek, the refinery reopened late in August after a major overhaul. It now plans to reach its total annual capacity of processing 800,000 tons of crude oil by the end of this year.

Kazakhstan Gas and diesel Local Economy

Kazakhstan to Up Price of Gas and Diesel for Foreign Vehicles

Due to government controls, Kazakhstan currently charges the lowest prices for motor fuel compared to other members of the Eurasian Economic Union, including Armenia, Belarus, Kyrgyzstan, and Russia. To maintain the balance of fuel for the domestic market, as well as minimize the risks of ‘gray’ fuel exports, the Ministry of Energy of Kazakhstan has prepared a draft to increase prices for AI-92 and AI-93 gasoline and diesel fuel to be levied in accordance with the origin of vehicles. The proposed new price for AI-92 and AI-93 gasoline in Kazakhstan is 245 tenge per litre. However, for drivers holding licenses and vehicle registration certificates issued in Kazakhstan, the price will remain unchanged, at 205 tenge per litre, if no more than 300 litres are bought per day. Likewise, the price of diesel will remain at 295 tenge per litre for locals but raised to 315 tenge per litre for non-residents of Kazakhstan. In a statement issued on 11 April, the Ministry of Energy gave assurance that the country currently has sufficient motor fuel to satisfy the domestic market. Now published, the draft is open for public discussion.