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Rumours over increasing fuel prices in Azerbaijan don't correspond to reality - Economic Development Ministry spokesman

Oil&Gas Materials 7 January 2011 23:18 (UTC +04:00)
Rumours over possible increase in energy prices at the domestic market of Azerbaijan do not correspond to reality, the head of Public Relations department of the Ministry of Economic Development of Azerbaijan Abbas Aliyev said Friday night.
Rumours over increasing fuel prices in Azerbaijan don't correspond to reality - Economic Development Ministry spokesman

Azerbaijan, Baku, Jan. 7 / Trend /

Rumours over possible increase in energy prices at the domestic market of Azerbaijan do not correspond to reality, the head of Public Relations department of the Ministry of Economic Development of Azerbaijan Abbas Aliyev said Friday night.

"At present, there is not an issue of rising energy prices on agenda of the Tariff Council ", Aliyev said.

Prices for petroleum products in Azerbaijan are regulated by the state. The last time energy prices in the country were increased by the Tariff Council in early 2007.

Petroleum products in Azerbaijan are produced by two refineries with total capacity of 20 million tons of oil annually. Both plants are part of the SOCAR company (State Oil Company of Azerbaijan).

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