Gulf Oil Azerbaijan's sales on local market down

Business Materials 21 February 2019 15:24 (UTC +04:00)

Baku, Azerbaijan, Feb. 21

By Matanat Nasibova - Trend:

Sales of the company Gulf Oil Azerbaijan, engaged in the sale and purchase of engine oil, have decreased since the beginning of this year compared to last year, a source in the company told Trend.

The company’s sales in the engine oil market fell by 10 percent, according to the source.

“We import engine oil and sell it in Azerbaijan,” the source said. “These products are intended for trucks. When compared with last year, it is obvious that sales in this area tend to decrease.”

The source suggested that this fact is to some extent associated with a decline in the purchasing power of the population in Azerbaijan.