Kazakhstan gasoline prices to reach $1 per liter by 2027, expert forecasts
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Energy expert Askar Ismailov forecasts that AI-92 gasoline prices in Kazakhstan will rise from 249 tenge to $1 per liter (approximately 500 tenge) by 2027. The increase is driven by the gradual alignment of domestic prices with export parity and the removal of subsidies.
Price Projection
Askar Ismailov, an independent energy expert, stated that the price of AI-92 gasoline in Kazakhstan will reach $1 per liter (about 500 tenge at current exchange rates) by 2027. The current price is 249 tenge per liter. The forecast assumes a gradual increase of 10-15 tenge per year, with a potential acceleration if the government reduces subsidies faster.
Driving Factors
Ismailov identified the main reason as the government's policy to bring domestic fuel prices closer to export parity. Kazakhstan currently subsidizes gasoline, keeping prices below international levels. The expert noted that the Ministry of Energy has already begun adjusting prices, with a 10 tenge increase implemented in early 2026. Further hikes are expected as the country aims to reduce budget expenditures on subsidies.
Gas Price Freeze Until Year-End
The Ministry of Energy announced that commodity gas prices in Kazakhstan will not increase until the end of 2026. On July 1, 2026, prices were raised by 33% to fund the modernization of aging gas networks and winter preparation. The ministry stated the freeze aims to maintain affordability.
What's Next
The Ministry of Energy is expected to announce the next price adjustment in the fourth quarter of 2026. It remains unclear whether the government will accelerate the liberalization timeline or maintain gradual increases to avoid public backlash.
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Kazakhstan gasoline prices to reach $1 per liter by 2027, expert forecasts
