The price of “AI-95” premium brand gasoline has been changed in Azerbaijan.
“Report” reports that “AI-95” premium brand gasoline has increased in price by 0.4 manats and the new selling price will be 2 manats.
Until now, the reason for the increase in the price of gasoline sold at 1.6 manat per liter is the price increase observed in the world markets. So, “AI-95” premium brand gasoline is not produced in our country, so it is imported from abroad. The increase in the import value of the product has led to an increase in its selling prices in our country.
In general, the price of “AI-95” brand gasoline directly depends on the oil prices in global markets. For example, we can show the decrease in prices recorded on March 13, 2020. At that time, “AI-95” premium brand gasoline was cheaper in our country from 1.5 manat to 1.2 manat (20 percent) against the background of world oil prices.
However, considering that oil prices in the world market have risen from $50 to more than $100, it is understood that an increase in the price of “AI-95” premium brand gasoline is inevitable.
It should be noted that the sales price of EU-95 brand gasoline in countries around the world is quite high compared to our country. Moreover, even after the corresponding price increase in Azerbaijan, the price of “EU-95” in Azerbaijan can be considered quite reasonable compared to most countries.
For example, in neighboring Georgia, the price of “AI-95” gasoline is 1.34 US dollars (2.27 manats). In Turkey, our neighbor, the said price is equal to 1.46 dollars (2.48 manats). The new price of “AI-95” Premium brand gasoline in Azerbaijan is quite lower than the price in European countries. For example, this number reaches 1.68 dollars (2.85 manats) in the south-eastern European country Romania, and 2.36 dollars (4.01 manats) in the western European country Switzerland.
The impact of the increase in the price of “AI-95” premium brand gasoline on the population of Azerbaijan will be minimal. So, in our country, the mentioned brand of gasoline is used only by luxury cars. Among the brands of gasoline consumed in Azerbaijan, the share of “AI-95” premium brand gasoline is insignificant. “AI-92” and diesel fuel are mainly used in our country.
Thus, it should be emphasized that there has been no change in the price of AI-92 gasoline, which is widely used in Azerbaijan. It is not expected that there will be any increase in the price of gasoline of the mentioned brand in the near future.