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ORDER OF THE MINISTER OF ENERGY OF THE REPUBLIC OF KAZAKHSTAN

of December 8, 2014 No. 184

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 subitem 21-3) of article 7 of the Law of the Republic of Kazakhstan of July 20, 2011 "About state regulation of production and turnover of separate types of oil products" PRIKAZYVAYU:

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. To provide to development department of the oil industry of the Department of Energy of the Republic of Kazakhstan:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

2) the direction on official publication of this order within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan in mass media and in information system of law of Ad_let;

3) placement of this order on official Internet resource of the Department of Energy of the Republic of Kazakhstan and on the intranet portal of state bodies.

3. To impose control of execution of this order on the supervising vice-Minister of Energy of the Republic of Kazakhstan.

4. This order becomes effective from the date of its first official publication.

Minister

B. School student

It is approved

Deputy Minister of national economy of the Republic of Kazakhstan

December 8, 2014

 

M. Kusainov

Approved by the Order of the Minister of Energy of the Republic of Kazakhstan of December 8, 2014 No. 184

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 acknowledged sources of information on market prices approved by the order of the Government of the Republic of Kazakhstan of March 12, 2009 No. 292;

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 legislation of the Republic of Kazakhstan.

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 according to subitem 21-3) of article 7 of the Law of the Republic of Kazakhstan "About state regulation of production and turnover of separate types of oil products" authorized body in the field of production of oil products (further - authorized body) to the form given in appendix to these rules on the basis of the following formula:

Формула 1 к Приказу от 08.12.2014 №184

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;

L=PNp/PBr, 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 acknowledged sources of information on market prices approved by the order of the Government of the Republic of Kazakhstan of March 12, 2009 No. 292 is established;

4) TCEx - 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 authorized body in the field of trading activity;

6) With - US dollar exchange rate to tenge at the rate of National Bank of the Republic of Kazakhstan;

7) T - excise on the corresponding type of oil product and the value added tax approved according to the Code of the Republic of Kazakhstan "About taxes and other obligatory payments in the budget (Tax code)" of December 10, 2008;

8) TCDom - average arithmetic value of the freight charge of oil products by rail across the Republic of Kazakhstan;

9) S - expenses on storage of oil products on the petroleum storage depot in the amount of 3%;

10) Opex - the amount of operating expenses of all participants of the market of oil products in the amount of 10%;

11) M - margin of all participants of the market of oil products in the amount of 15%;

12) Ki - the coefficient determined according to item 4 of these rules;

13) D - the average density of the corresponding type of oil product under standard conditions of measurement, according to technical data sheet of manufacturing plant of the Republic of Kazakhstan, except for producers of oil products of low power.

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