Armenia's economy stands to save approximately 16.4 billion drams thanks to fuel imports from Azerbaijan, according to Papoyan
12.01.2026,
14:03
The process of importing goods from Azerbaijan to Armenia is now regarded as sustainable, stated Economy Minister Gevorg Papoyan during an interview on Public TV.
YEREVAN, January 12. /АРКА/. The process of importing goods from Azerbaijan to Armenia is now regarded as sustainable, stated Economy Minister Gevorg Papoyan during an interview on Public TV.
"Currently, not only Premium gasoline is being supplied to Armenia, but Regular gasoline as well. The delivery volume has increased to around 6-7 thousand tons, compared to the previous 1.2-1.3 thousand tons. Our projections indicate that these changes will result in a decrease of about 80 drams on average for gasoline and diesel prices in December," he remarked.
Papoyan further mentioned that importers bringing in gasoline and diesel from other nations have also started to lower their wholesale prices with suppliers.
"The advantages of the peace established with Azerbaijan are certainly numerous. One clear benefit is that our economy will effectively gain an additional 16.4 billion drams (approximately $43 million) annually. This is the amount by which our expenses will be reduced. Specifically, farmers will see a decrease in diesel fuel costs during spring fieldwork by around 1.1 billion drams... Thus, we contribute to the state budget, which in turn supports the family budgets of our citizens. Previously, we were criticized for contributing to Azerbaijan's budget," the minister explained.
Addressing concerns about potential reliance on Azerbaijani oil products, Papoyan expressed that he does not perceive any risks. He stated that the supply volume does not threaten monodependence, and Armenia will continue to source fuel from various countries, including Romania, Georgia, Russia, and Egypt.
The minister also highlighted that diversifying import routes and sources aids in lowering domestic market prices and enhancing economic competitiveness.
According to him, the Armenian authorities are making efforts to address certain limitations, such as closed borders, which would facilitate a decrease in the prices of imported goods as well as the costs associated with exported products, thereby enhancing their competitiveness.
Previously, Papoyan mentioned that as of January 8, 2026, a total of 8,485 tons of Russian grain had been transported to Armenia by rail via Azerbaijan, with an additional 4,103 tons currently en route. Furthermore, there are 7,600 tons of Azerbaijani petroleum products, including gasoline and diesel fuel, also on their way.
"Currently, not only Premium gasoline is being supplied to Armenia, but Regular gasoline as well. The delivery volume has increased to around 6-7 thousand tons, compared to the previous 1.2-1.3 thousand tons. Our projections indicate that these changes will result in a decrease of about 80 drams on average for gasoline and diesel prices in December," he remarked.
Papoyan further mentioned that importers bringing in gasoline and diesel from other nations have also started to lower their wholesale prices with suppliers.
"The advantages of the peace established with Azerbaijan are certainly numerous. One clear benefit is that our economy will effectively gain an additional 16.4 billion drams (approximately $43 million) annually. This is the amount by which our expenses will be reduced. Specifically, farmers will see a decrease in diesel fuel costs during spring fieldwork by around 1.1 billion drams... Thus, we contribute to the state budget, which in turn supports the family budgets of our citizens. Previously, we were criticized for contributing to Azerbaijan's budget," the minister explained.
Addressing concerns about potential reliance on Azerbaijani oil products, Papoyan expressed that he does not perceive any risks. He stated that the supply volume does not threaten monodependence, and Armenia will continue to source fuel from various countries, including Romania, Georgia, Russia, and Egypt.
The minister also highlighted that diversifying import routes and sources aids in lowering domestic market prices and enhancing economic competitiveness.
According to him, the Armenian authorities are making efforts to address certain limitations, such as closed borders, which would facilitate a decrease in the prices of imported goods as well as the costs associated with exported products, thereby enhancing their competitiveness.
Previously, Papoyan mentioned that as of January 8, 2026, a total of 8,485 tons of Russian grain had been transported to Armenia by rail via Azerbaijan, with an additional 4,103 tons currently en route. Furthermore, there are 7,600 tons of Azerbaijani petroleum products, including gasoline and diesel fuel, also on their way.
