On August 6, the company Azpetrol raised retail prices of petrol "Premium Euro-95." Now a liter of fuel will cost 93 kopecks, as envisaged Tariff Council of Azerbaijan, and 97 kopecks.
According to the press service of Azpetrol, engaged in retail trade in oil products in Azerbaijan, "the rise in prices for gasoline" Premium Euro-95 "at the gas station" Azpetrol "is associated with a rise in price of gasoline prices on the world markets."
Asked by Turan representatives of Lukoil-Azerbaijan also confirmed the increase in the retail price of gasoline, said up to 97 kopecks per liter, SOCAR also reported that there were no recommendations for changes in the cost of gasoline gas station owners in the domestic market, the company did not give, as it is not included in the its competence. The joint company "SOCAR Petroleum", along with other suppliers to import gasoline in Azerbaijan, also did not receive the order to raise the price.
Earlier, the Cabinet of Ministers of Azerbaijan reduced rate of customs duty and excise tax on gasoline of high environmental standards, thus making it possible to import gasoline brands "Premium Euro-95" and "Super Euro-98" at a low price and selling it at free market prices. On 3 December 2013 the price of gasoline with an octane rating of 95 increased from 80 kopecks (the Tariff Board) up to 93 kopecks per liter. In this case, the cost of gasoline with an octane rating of 98 is reduced from 1.5 to 1.03 manat manat per liter.
Gasoline with a high octane number used SUVs and other passenger cars with an engine capacity greater - about 10% of the total vehicles. - 17D-
Economics
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
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The State Oil Company of Azerbaijan (SOCAR) will begin issuing "green" bonds on January 15, with a total issuance volume of USD 200 million, according to an official SOCAR statement cited by Turan.
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