Azerbaijan has the most affordable gasoline among the countries of the South Caucasus. Despite relatively low fuel prices compared with neighboring Georgia and Armenia, household spending on automotive gasoline and diesel fuel in Azerbaijan continued to increase in the first nine months of 2026, exceeding 3 billion manats in retail sales. According to Numbeo's ranking, gasoline in Azerbaijan costs $0.67 per liter, placing the country 90th [the higher the number, the higher the rating] in the global list.
The figures highlight the difference in fuel prices across the South Caucasus, where motorists face significantly higher costs in neighboring countries. That placement is no accident. Azerbaijan is an energy exporter with its own crude, its own refining capacity, and a state oil company, SOCAR, woven deep into the retail chain.
When a country pumps and processes a large share of what its drivers burn, the price at the pump is insulated from the swings that batter import-dependent neighbors. In Georgia, the price of gasoline stands at $1.40 per liter, with the country ranking 55th. Armenia follows with a price of $1.57 per liter, placing it 46th in the ranking.
The figures indicate that gasoline in Georgia costs more than twice as much as in Azerbaijan, while the price in Armenia is also considerably higher. Azerbaijan’s fuel exports continue to play an important role in the energy markets of regional countries, serving as a key factor in maintaining their socio-economic stability. For instance, in January-August 2026, Georgia imported fuel and lubricants worth $234.2 million from Azerbaijan, marking a 23% increase compared to the same period last year.
As a result, Azerbaijan ranked second among Georgia’s fuel suppliers. Interestingly, Armenian Economy Minister Gevorg Papoyan has also highlighted the impact of fuel supplies from Azerbaijan on his country’s market. According to the minister, petrol prices in Armenia could have risen significantly more sharply had the country not imported petrol and diesel fuel from Azerbaijan.
Papoyan noted that the availability of an alternative source of supply helped prevent a further increase in prices. Thus, Azerbaijan plays an important role in ensuring the energy security of South Caucasus amid rising global fuel prices caused by disruptions to shipping through the Bab el-Mandeb Strait due to Houthi attacks and the Strait of Hormuz amid tensions involving Iran and the United States. The conflict in the Middle East, which has been going on for quite a long period of time, has an extremely negative impact on the global fuel market.
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