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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"We need an agreement on a new ambitious climate finance goal here in Baku. Through various components, this goal should mobilize the funding necessary for developing countries," United Nations Secretary-General António Guterres stated at a media briefing at COP29 on November 21.he said.
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A balanced energy transition is key to global sustainability, said Haitham al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), in his speech at a high-level meeting during COP29. He emphasized the continuing importance of oil and gas in meeting global energy needs, calling for a balanced and inclusive approach to the energy transition.
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Natural gas currently satisfies 23% of global primary energy needs, said Mohammad Hamel, Secretary-General of the Gas Exporting Countries Forum (GECF), at the COP29 summit. He emphasized the indispensable role of natural gas in the global energy landscape, noting its contribution to economic growth, environmental sustainability, and food security.
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The European Union (EU) has warned participants at the 29th UN Climate Change Conference (COP 29) in Baku that any backsliding on the commitments made last year at COP 28 in Dubai regarding the transition away from fossil fuels would be unacceptable. The EU insists that a similar commitment be included in the final decisions of this year’s conference.
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