In which country of the South Caucasus are gasoline prices cheaper?
By May 10 of this year, the average price of gasoline in the world was 1.35 US dollars per liter, the weekly Global Petrol Prices report. According to the report, Iran took the first place in the rating of low gasoline prices - 0.029 dollars per liter. Hong Kong became the most expensive by the cost of gasoline - 3,212 US dollars per liter.
The TOP 3 includes Libya at $0.031 and Venezuela at $0.035. The top ten countries also include Turkmenistan, which is in 8th place with a cost of a liter of gasoline of $ 0.428.
The TOP 15 includes Kazakhstan, which took 13th place ($0.554 per liter) and Azerbaijan - 15th place ($0.588 per liter).
Of the countries of the region (South Caucasus), Georgia ranks 64th ($1.235 per liter), Armenia - 89th ($1.367 per liter), Russia the 16th - 0.609 dollars per liter, and Turkiye - the 75th - 1.322 dollars per liter.
Energy
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At a meeting in Istanbul, the board of directors of SOCAR Türkiye discussed the company’s goals and projects for the upcoming year, SOCAR Türkiye reported.
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As of January-November 2024, Azerbaijan’s electricity production totaled 23.55 billion kWh, by 2.2% lower than in the same period last year.
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From January to November 2024, Azerbaijan exported 1.745 billion kWh of electricity worth $93.9 million, the monthly report of the State Customs Committee of Azerbaijan. This is by $285.4 million (75.2%) less than in the same period last year and 2.178 billion kWh (55.5%) less in volume. Electricity exports during the reporting period accounted for 0.39% of Azerbaijan’s total exports and 3.04% of non-oil sector exports.
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Türkiye has received an exemption from the United States for "Gazprombank" in relation to payments for Russian gas, the NTV channel reported citing a statement by Türkiye's Minister of Energy, Alparslan Bayraktar. It is noted that this issue was previously discussed with U.S. Secretary of State Antony Blinken during his visit to Türkiye.
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