AI-92 gasoline price goes up Tariff Council approves new price on gasoline
At its regular meeting, the Tariff (Price) Council reviewed the retail price for a liter of gasoline Aİ-92 upon SOCAR request.
According to the Tariff council, the retail price for a liter of Aİ-92 gasoline is set at 90 kopecks, which is a 20 kopecks growth for a liter.
However, the retail price of AI-92 gasoline in Azerbaijan is lower in comparison with most of the CIS and regional countries even after the tariffs were changed. So, currently the retail price of one liter AI-92 gasoline is 0.86 USD in Georgia, 0.61 USD in Russia, 0.43 USD in Kazakhstan, 0.59 USD in Belarus, 0.98 USD in Ukraine.
The decision to raise prices is justified by the desire to improve the quality of produced fuel, expand investment opportunities to meet domestic demand, upgrade and refurbish the oil refining industry. It is also noted that changes in the exchange rate of the national currency led to a restriction of export opportunities and SOCAR revenues.
The new tariff enters into force from July 15, 2017.
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