In which country of the South Caucasus are gasoline prices cheaper?
By May 10 of this year, the average price of gasoline in the world was 1.35 US dollars per liter, the weekly Global Petrol Prices report. According to the report, Iran took the first place in the rating of low gasoline prices - 0.029 dollars per liter. Hong Kong became the most expensive by the cost of gasoline - 3,212 US dollars per liter.
The TOP 3 includes Libya at $0.031 and Venezuela at $0.035. The top ten countries also include Turkmenistan, which is in 8th place with a cost of a liter of gasoline of $ 0.428.
The TOP 15 includes Kazakhstan, which took 13th place ($0.554 per liter) and Azerbaijan - 15th place ($0.588 per liter).
Of the countries of the region (South Caucasus), Georgia ranks 64th ($1.235 per liter), Armenia - 89th ($1.367 per liter), Russia the 16th - 0.609 dollars per liter, and Turkiye - the 75th - 1.322 dollars per liter.
Energy
-
In 2023, Azerbaijan produced 4 million 369.8 thousand tons of fuel (automotive gasoline, diesel fuel, and aviation kerosene), whereas last year the total volume amounted to only 3 million 906.9 thousand tons. Over the past year, fuel production in the country decreased by 462.9 thousand tons, or by 10.6%.
-
According to preliminary data, in the past year, Azerbaijan's gross domestic product (GDP) amounted to 126.3 billion manats (approximately $74.3 billion at the current exchange rate), a 4.1% increase compared to 2023, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.
-
In 2024, the total volume of oil and condensate production in Azerbaijan amounted to 29 million 63 thousand tons, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.
-
The Trans Adriatic Pipeline (TAP AG) consortium has developed a roadmap for preparing to transport hydrogen, according to TAP AG. “TAP’s goal is to develop infrastructure for hydrogen transportation. We have defined a roadmap for preparing for the medium- and long-term transportation of natural gas and hydrogen blends, as well as renewable gases. A preliminary study in 2021 confirmed the potential of TAP for transporting hydrogen mixtures in the future. Currently, we are conducting pipeline material tests at an international laboratory. The results of the first tests were received in the fourth quarter of 2024 and are now under evaluation. The next round of tests has already begun, and results are expected in 2025,” said the consortium.
Leave a review