From month (from July 1 to August 1) local freight rates fell by 3.6%.
The State Statistics Committee said the average tariff for the transportation by rail of 10 tons of cargo a distance of 1 km in July rose to local destinations (compared to June) by 3%, while imports - by 3.1%, export - by 1 5% transit - by 1%.
Tariffs for transportation of passengers rose by 1.5%, rail fares - by 1.2%. Tariffs for transportation of passengers in the CIS countries by sea in July fell by 3.3%, air transport in the CIS countries grew by 11% in other countries - by 5.4%.
Tariffs for freight transportation by road in July to international destinations fell by 0.4%, according to local destinations rose by 8.4%.
Transportation of oil pipelines in July fell by 7.3%. - 17D-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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