How will increase in fuel prices affect inflation?

12:32 - 31.07.2024


July 31, Fineko/abc.az. The direct and indirect additional impact of the increase in regulated prices on the inflation forecast is expected to be 1.5 percentage points, of which 1 p.p. is projected in 2024.

ABC.AZ informs that this is stated in Central Bank's report on the discount rate.

At the next meeting of the Tariff (Price) Council, held on June 29, 2024, on the basis of an appeal from the State Oil Company of the Republic of Azerbaijan (SOCAR), prices for AI-92 gasoline and diesel fuel were settled.

Thus, the retail price of AI-92 gasoline is set at 1.10 manats per liter, and diesel fuel is 1 manat per liter.