As fuel prices are going down at the world market, prices at SOCAR’s petrol stations were reduced too. The company said that prices of Premium, Euro diesel and Super oil are going to go down.
“The company has been working on this issue and in the near prices for other types of fuel could be reduced too. We will inform publicity about that as well,” the company said.
Gulf company also started reducing prices of fuel in Georgia. “Super” petrol will cost 2.27 lari (1 USD = 1.66 lari), “Premium” gasoline – 2.24 lari and Euro Diesel oil – 2.26 lari at the Gulf petrol stations, the company reported on Friday.
The company said that the reduction of prices for these products has become possible owing to price reduction at the international market.--0---
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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