The Ministry of Energy of Kazakhstan has commented on information circulating on social media about an allegedly impending sharp rise in fuel and lubricant prices in connection with the creation of a common market for oil and petroleum products within the Eurasian Economic Union (EAEU), reporrts Kazinform.
Earlier, social media reports stated that on December 21, 2025, at a meeting of the Supreme Eurasian Economic Council in St. Petersburg, the heads of state of the EAEU member states agreed to establish a common market for oil and petroleum products effective January 1, 2027. Against this backdrop, there were speculations about the possibility of equalizing fuel and lubricant prices in Kazakhstan with those in Russia by the end of this year.
The Ministry of Energy of Kazakhstan stated that no sharp price hikes are expected, and that the market situation is under constant government monitoring. The ministry noted that a moratorium on price increases for AI-92 gasoline, introduced to curb inflation, remains in effect in the country.
Commenting on the creation of a common market for oil and petroleum products within the Eurasian Economic Union (EAEU) starting in 2027, the ministry emphasized that this is a phased process.
"The formation of a common market presupposes the harmonization of the legislation of member states and does not mean automatic or immediate price equalization. National interests and social stability remain a priority in the implementation of integration mechanisms," the Ministry of Energy noted.
The ministry also noted existing market factors. The significant price differential between fuel and neighboring countries creates the risk of so-called "gray" exports, which could lead to a shortage in the domestic market. Furthermore, persistently low prices limit investment opportunities in the industry, including the modernization of oil refineries in Shymkent, Atyrau, and Pavlodar, as well as the construction of a new refinery.
The ministry also assured that the possible transition to market pricing after the moratorium ends will be carried out gradually, taking into account the economic situation and income levels of the population, without any sudden price hikes.
As a reminder, the moratorium on price increases for AI-92 gasoline and diesel fuel was introduced in Kazakhstan on October 16, 2025, and will remain in effect until inflation stabilizes.
CentralasianLIGHT.org
January 12, 2026