Bond.az White LogoBond.az Black Logo

Engine oils sharply rise in price

Engine oils sharply rise in price. Tensions in the Middle East and transport difficulties drive prices up by 30%.

Robert Moore
ByRobert Moore- Senior Editor
|
0

Due to events in the Middle East, prices that initially rose by up to 20% have now increased by another 30%.

Oxu.Az reports, citing Khazar TV, that this concerns imported automotive engine oils.

These oils have sharply risen in price again. In the market, price increases for some products already reach 30%. Experts say that events in the Middle East and difficulties in international transportation directly affect prices.

Expert Aftil Aliyev says that the price increase is observed not only in European products, but also in Russian-made engine oils.

The expert notes that if the situation in the region does not stabilize, further price increases cannot be ruled out in the coming months.

More News
Yesterday / 21:30
|
622

Bayraktar: Absheron gas deal elevates our ties

Turkish Minister Bayraktar says Absheron gas deal elevates relations with Azerbaijan to a higher level.

0
Yesterday / 19:31
|
291

SOCAR and Shell Explore AI Collaboration

SOCAR and Shell discussed AI and energy sector collaboration during Baku Energy Week. Key meeting highlights partnership opportunities.

0
Yesterday / 19:02
|
426

SOCAR-ExxonMobil discuss long-term energy partnership

SOCAR and ExxonMobil discussed long-term energy partnership at Baku Energy Week, highlighting first gas from ACG.

0
Yesterday / 19:00
|
365

Kazakh oil transit via Azerbaijan discussed

SOCAR President Rovshan Najaf and KazMunayGas head Ashat Khasenov discussed the project of Kazakh oil transit through Azerbaijan during Baku Energy Week.

0
Yesterday / 18:30
|
814

SOCAR President Meets Gran Tierra CEO

SOCAR President Rovshan Najaf met with Gran Tierra Energy CEO Gary Guidry at Baku Energy Week to discuss cooperation.

0
Yesterday / 18:01
|
861

UN Launches Energy Transition Roadmap for Azerbaijan

UN launches energy transition roadmap for Azerbaijan at Baku Energy Week, focusing on green energy, efficiency, and regional hub role.

0
Yesterday / 16:01
|
785

Baku-Tbilisi-Kars railway launched after modernization

Baku-Tbilisi-Kars railway is relaunched on June 2 after modernization. Annual cargo capacity reaches 5 million tons.

0
Yesterday / 15:31
|
868

SOCAR at 31st Caspian Oil & Gas Exhibition

SOCAR participates in the 31st International Caspian Oil and Gas Exhibition with a stand. Highlights energy security, innovation, and sustainable development.

0
Yesterday / 15:31
|
242

SOCAR and Uzbekneftegaz discuss cooperation prospects

SOCAR President Rovshan Najaf met with Uzbekneftegaz head at Baku Energy Week to discuss energy cooperation and the Ustyurt project.

0
Yesterday / 14:31
|
892

SOCAR supplies 2.5 million tons of crude oil to Indonesia

SOCAR supplied 2.5 million tons of Azerbaijani crude oil to Indonesia from 2022-2025. Energy Minister Parviz Shahbazov announced at Baku Energy Forum.

0
Yesterday / 14:30
|
655

East Zangezur-Nakhchivan: 1000 MW project under discussion

Energy Minister Parviz Shahbazov said a 1,000 MW electrical connection project between East Zangezur and Nakhchivan is under discussion.

0
Yesterday / 14:01
|
552

SOCAR, TotalEnergies, XRG leaders meet

At Baku Energy Week, SOCAR, TotalEnergies, and XRG leaders discuss Absheron gas field development and cooperation.

0
...