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World oil prices fall lowers cost of A-95 gasoline in Azerbaijan

Business Materials 1 October 2014 13:21 (UTC +04:00)
Currently, AI-95 gasoline (Premium) is imported to Azerbaijan from outside the country, and price changes in the external market affect the cost of the product in the country
World oil prices fall lowers cost of A-95 gasoline in Azerbaijan

Baku, Azerbaijan, Oct.1

By Seymur Aliyev - Trend:

Currently, AI-95 gasoline (Premium) is imported to Azerbaijan from outside the country, and price changes in the external market affect the cost of the product in the country, the source on the oil and gas market told Trend Oct.1.

The price of AI-95 gasoline (Premium) decreased from 0.97 AZN to 0.95 AZN Oct.1. Earlier, it was 0.93 AZN.

Earlier, the Cabinet of Ministers of Azerbaijan reduced the rates of customs duty and excise tax on gasoline of high environmental standards, thus making it possible to import "Premium Euro-95" and "Super Euro-98" gasoline brands at a low price and selling it at free prices.

After the start of the import of gasoline with 95 octane fuel, prices on this brand increased from 0.8 AZN to 0.93 AZN per liter (set by the Tariff Board on AI-95 gasoline produced in the country). In turn, the cost of gasoline with an octane rating of 98 reduced from 1.5 AZN to 1.03 AZN per liter.

AI-95 and AI-98 gasoline approximately accounts for 10 percent of total consumption in the country, and it is almost never used in the production and delivery of services.

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