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Azerbaijani president cancels Tariff Council’s decision on increasing fuel prices

Oil&Gas Materials 14 January 2015 13:18 (UTC +04:00)
Azerbaijani President Ilham Aliyev has cancelled the decision of the Tariff (price) Council on changing the prices for gasoline and diesel fuel.

Baku, Azerbaijan, Jan.14
By Azad Hasanli - Trend:

Azerbaijani President Ilham Aliyev has cancelled the decision of the Tariff (price) Council on changing the prices for gasoline and diesel fuel, a message from Azerbaijani Ministry of Economy and Industry said on Jan.14.

In accordance with the order of President Ilham Aliyev, an extraordinary meeting of the Tariff Council was held on Jan.14, during which a decision on revising the prices for petroleum products was adopted.

The decision 'On regulating the tariffs for petroleum products in the country' dated Jan.12, 2015 was cancelled under the decision of the council.

"As a result of decreasing the tariffs by 0.02 AZN in the form of road tax included in the prices for gasoline, diesel fuel and liquid gas produced in the country, the retail price for AI-92 gasoline will again be equal to 0.70 AZN per liter and diesel fuel - 0.60 AZN," said the message.

The wholesale price for liquid gas was reduced to 263.6 AZN per metric ton and totaled 300 AZN including the road tax, according to the message.

The decision will enter into force from Jan.15, 2015.

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