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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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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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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