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Diesel fuel consumption sharply declined in Azerbaijan in quarter 1, 2014

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diesel-fuelThe growth of prices for oil products in Azerbaijan in December 2013 has affected the market behavior.

According to the Azerbaijan State Statistical Committee, during quarter 1, 2014 deliveries of oil products to the local market went down by 3.2%. From January to March 2013 1,180,100 tons of oil products were delivered to the local market, but during the same period last year it totaled 1,142,300 tons.

In quarter 1, 2013 SOCAR increased deliveries of oil products to the local market of Azerbaijan by 16% and during the same period in 2012 by 14.8%.

           Table of oil products deliveries to the local market (in thousand tons):

Types of oil products Quarter 1, 2014

Quarter 1, 2013

Diesel fuel

266,6

301,6

Automobile petrol

304,6

308,2

Aviation kerosene

115,3

126,6

Oil bitumen

61,8

63,1

Liquefied gas

48,4

43,8

Black oil

89,0

50,1

Other oil products

256,6

286,7

 

From January to March 2014 petrol consumption declined by 1.17% and diesel fuel by 11.6%.

The reason of petrol consumption decline is that after rise in this type of fuel by 32% many state and private agencies strictly control use of fuel by the drivers. In addition, some companies, including state ones, have reduced number of their cars to minimum.

By April 1, 2014 the storages of Azerbaijani oil refineries had 28,600 tons of petrol, 3,600 tons of virgin petrol, 51,400 tons of aviation kerosene, 90,200 tons of diesel fuel, 12,600 tons of lubricating oils and 12,800 tons of oil bitumen.

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