On February 1, the price of imported gasoline AI-95 Premium and AI 98 Super increased.
The price of AI-95 Premium sold at gas stations is 1.15 manat per liter (an increase of 10 kopecks), and AI 98 Super - 1.20 manat (an increase of 10 kopecks).
Note that the price of gasoline AI-92 and diesel L-62 is regulated by the Tariff Council and it has not changed.
However, experts do not exclude that the general rise in prices may lead to a rise in price of AI-92 in the near future.
Note that in 2017 the price of the brand AI-95 Premium and AI 98 Super has already been raised. On 13 January the price was increased from 90 kopecks to 1.05 manat and from 95 kopecks to 1.10 manat. -71D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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