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The document ceased to be valid since April 18, 2015 according to Item 1 of the Order of the Government of the Republic of Kazakhstan of April 3, 2015 No. 196

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of March 2, 2012 No. 287

About approval of Rules of ceiling determination of price for retail sale of oil products on which state regulation of the prices is established

According to the Law of the Republic of Kazakhstan of July 20, 2011 "About state regulation of production and turnover of separate types of oil products" the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of ceiling determination of price for retail sale of oil products on which state regulation of the prices is established.

2. This resolution becomes effective after ten calendar days after the first official publication.

Prime Minister

Republic of Kazakhstan K. MASIMOV

Approved by the order of the Government of the Republic of Kazakhstan of March 2, 2012 No. 287

Rules of ceiling determination of price for retail sale of oil products on which state regulation of the prices is established

1. These rules of ceiling determination of price for retail sale of oil products on which state regulation of the prices is established (further – Rules) are developed according to the Law of the Republic of Kazakhstan of July 20, 2011 "About state regulation of production and turnover of separate types of oil products" and establish procedure for ceiling determination of price for retail sale of oil products on which state regulation of the prices is established.

2. In these rules the following basic concepts are used:

1) world oil price – the average quotation of the price in foreign currency of standard grade "Dated Brent" (Brent Dtd) for the corresponding period based on the source of information included in the List officially of acknowledged sources of information on market prices of crude oil and (or) the gas condensate and oil products approved by the order of the Government of the Republic of Kazakhstan;

2) barrelization coefficient – coefficient of transfer of units of measure from barrel in metric ton taking into account the actual density and temperature of extracted crude oil specified to standard conditions of measurement.

Other concepts and terms used in Rules are applied according to the current legislation.

3. Ceiling price for retail sale of oil products on which state regulation of the prices is established is determined on the basis of the table of ceiling values of price for retail sale of oil products depending on world oil price (further – the Table) which is developed by authorized body in the field of production of oil products in the form given in appendix to these rules on the basis of the following formula:

Формула 1 к Правилам утв. ПП РК от 02.03.2012 №287

where:

1) P – marginal value of retail price of the corresponding type of oil product;

2) Pbr – the quotation of world oil price translated on barrelization coefficient;

3) L – coefficient of transfer of the quotation of oil price in the quotation of the price of the corresponding type of oil product which developed in two calendar years prior to the period of calculation of coefficient;

Формула 2 к Правилам утв. ПП РК от 02.03.2012 №287

Pnp – the quotation of the world price for oil product corresponding to oil product on which state regulation of the prices based on the source of information included in the List officially of acknowledged sources of information on market prices of crude oil and (or) the gas condensate and oil products approved by the order of the Government of the Republic of Kazakhstan is established;

4) TS of Ekh – conditional average value of transportation expenses on delivery of oil products from the markets of Europe (FOB Italy) to border of the Republic of Kazakhstan including the freight (the freight charge of oil products the sea tanker from the port of Novorossiysk to the Mediterranean FOB Italy Augustus), expenses on transfer (the cost of discharge of oil products from cistern cars, filling in reservoirs of storage in port and filling from storage in the tanker), railway transportation to border of the Republic of Kazakhstan (the cost of railway transportation from the port of Novorossiysk to border of the Republic of Kazakhstan);

5) ECD – value of the export customs duty on the corresponding type of oil product calculated by the formula approved by the order of the Government of the Republic of Kazakhstan;

6) With – the US dollar exchange rate to tenge at the rate of National Bank of the Republic of Kazakhstan established on the date of provision of the Table in the authorized body performing management in spheres of natural monopolies and in the controlled markets (further – Authorized body);

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