Azerbaijani Tariff Council Changes Retail Prices For Some Goods, Services

The Tariff Council of the Republic of Azerbaijan held its regular meeting on January 4, 2021.The State Oil Company (SOCAR) has approached the Council with a proposal to raise retail prices for natural gas, AI-92 gasoline and diesel fuel. At the meeting, the retail price of AI-92 motor gasoline was determined in the amount of 1 manat per 1 liter, and the retail price of diesel fuel was 0.80 AZN per 1 liter. Considering the environmental damage from the use of diesel fuel, the price difference has been reduced in order to switch to higher gasoline consumption. In order to neutralize the impact of the rise in prices for diesel fuel on business entities engaged in passenger transportation, they will be compensated. The mechanism for providing compensation will be announced by the end of January. This important step, which serves the interests of the population, especially the socially vulnerable group, was taken to prevent tariff changes in public transport, which