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Rise in gasoline price in Azerbaijan: Premium followed by Super
Baku/03.08.21/Turan: The price for of AI-98 ("Super") gasoline increased in Azerbaijan. Since August 1, fuel of this brand has risen by 5 gapik - from 1.55 to 1.60 manat at gas stations.
The press secretary of SOCAR Petroleum CJSC Uzeyir Gabibbeyli explained the rise in price for AI-98 gasoline by the rise in the purchase price abroad, since this type of gasoline is imported to Azerbaijan.
It should be reminded that on July 31, the price for AI-95 gasoline increased by 5 gyapik (from 1.40 manat to 1.45 manat). This decision has also been motivated by the rise in prices for fuel in the producing country.- 06B-
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- Finance
- 3 August 2021 14:26
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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