Premium AI-95 gasoline produced in Azerbaijan will soon be available for sale in Armenia at a significantly lower price compared to local market rates.
According to Karen Hayririan, head of Mega Trade the fuel will be sold at 440 drams per litre, which equates to approximately $1.10, making the price point is notably cheaper than the current market price of around 520 drams per litre, or $1.30.
Mega Trade is one of the Armenian buyers of Azerbaijani oil which was shipped to Armenia for the first time in decades just last week.
Hayririan mentioed that the company has purchased about 600 tonnes of fuel for distribution. In total, 1,220 tonnes of AI-95 gasoline have been shipped from Azerbaijan to Armenia via Georgia.
The shipment, which consists of 22 rail tank cars, was produced at the Heydar Aliyev Oil Refinery in Baku, a key production facility for Azerbaijan’s fuel exports.
The Azerbaijani gasoline will be distributed through the Ran Oil network of filling stations across Armenia, giving local consumers access to high-quality fuel at more affordable prices.
This move marks a significant step in the growing trade relations between Azerbaijan and Armenia, particularly in the energy sector, and could potentially help stabilise fuel prices in Armenia, where gas costs have been fluctuating.
The sale of Azerbaijani fuel also strengthens the position of Azerbaijan as an important regional supplier of energy resources.
As fuel prices continue to rise globally, this initiative offers a much-needed relief for consumers in Armenia, while also demonstrating the economic cooperation between the two neighbouring countries.
Paramount has reaffirmed its bid to acquire Warner Bros. Discovery, offering $30 per share in cash and backing the proposal with a $40.4 billion perso...
As the European Commission warns of possible visa suspension, Georgian authorities reject accusations of democratic backsliding. What is really at sta...
Enrique Cocero, a political analyst, recently shared his insights on the escalating tensions surrounding the U.S. seizure of Venezuelan oil tankers....
Premium AI-95 gasoline produced in Azerbaijan will soon be available for sale in Armenia at a significantly lower price compared to local market rates...
AnewZ and Pakistan TV have signed a memorandum of understanding aimed at strengthening cooperation in the media sector through staff training, content...
AnewZ and Pakistan TV have signed a memorandum of understanding aimed at strengthening cooperation in the media sector through staff training, content sharing and joint projects.
Prospects for Azerbaijan–Türkiye ties in 2026 will largely depend on regional peace efforts and the broader geopolitical environment in the South Caucasus according to a regional analyst.
Türkiye–Azerbaijan trade and investment talks at the 12th meeting of the Joint Intergovernmental Commission (JIC), held in Baku on 22–23 December, are being framed as a key moment in efforts to expand bilateral economic cooperation.
Armenian Prime Minister Nikol Pashinyan has welcomed the reopening of cargo transit between Armenia and Azerbaijan saying it could open new economic opportunities across the region.
The death toll from Hong Kong’s deadliest fire in decades has risen to 161, after forensic analysis confirmed one more victim among the charred remains at Wang Fuk Court in Tai Po, more than three weeks after the blaze began, authorities said on Saturday.
Israeli Prime Minister Benjamin Netanyahu is set to meet President Donald Trump on 29 December in Florida, where he is expected to present a package of military options regarding Iran, Israel’s public broadcaster KAN reported on Saturday.
The U.S. Coast Guard is pursuing an oil tanker in international waters near Venezuela, officials told on Sunday, in what would be the second such operation this weekend and the third in less than two weeks if successful.
The United States has proposed a potential new format for peace talks between Ukraine and Russia, which could include American and European representatives, Ukrainian President Volodymyr Zelenskyy said on Saturday, December 20.
A major power outage swept across San Francisco on Saturday, leaving up to 130,000 customers without electricity, disrupting traffic and forcing some businesses to close temporarily, officials said.
As the European Commission warns of possible visa suspension, Georgian authorities reject accusations of democratic backsliding. What is really at stake — and who could be affected most?
AnewZ and Pakistan TV have signed a memorandum of understanding aimed at strengthening cooperation in the media sector through staff training, content sharing and joint projects.
Uzbekistan and Japan have agreed a cooperation portfolio worth more than $12 billion in bid to advance economic, educational and regional ties.
In Russia, power has always determined who rises and who falls. Under Boris Yeltsin, oligarchs emerged as state property was carved up in the chaos of the 1990s. Wealth was fast, often crude, and frequently independent of the Kremlin itself.
Prospects for Azerbaijan–Türkiye ties in 2026 will largely depend on regional peace efforts and the broader geopolitical environment in the South Caucasus according to a regional analyst.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment