Rovnag Abdullayev: Changes in gasoline price not on agenda

Rovnag Abdullayev: Changes in gasoline price not on agenda
# 14 September 2015 11:52 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. “Changes in gasoline price are not on the agenda”, said the SOCAR President Rovnag Abdullayev.

“Gasoline price in Azerbaijan is based on oil price of $60-62. Oil price in world market does not influence gasoline price in Azerbaijan. This price is regulated by Tariff Council”, Abdullayev said.

Abdullayev noted that volume of AI-95 and AI-98 gasoline imported from abroad is low: “Even, 25,000 tonnes of AI-95, imported 7 months ago, have not been sold yet. We were selling 150,000 tonnes of AI-95 per year when produced it. When we started to import AI-95, everyone consumed AI-92. Consumption of this type of fuel fell 4 times. People don’t consume this gasoline”.

Abdullayev also noted that AI-95 and AI-98 prices may be changed: “If demand rises, the prices will decline”.

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