Fuel prices in Azerbaijan increasing? Economic Development Ministry speaks up

Rumours over possible increase in fuel prices at the domestic market in Azerbaijan are false, Spokesperson for the Ministry of Economic Development of Azerbaijan Abbas Aliyev said Friday night.

"At present, there is not an issue of increasing 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 State Oil Company of Azerbaijan.


/Trend/