Minister: Government regulation of gasoline prices in Georgia impossible

Photo: Minister: Government regulation of gasoline prices in Georgia impossible / Georgia

Tbilisi, Georgia, Jan. 28
By Nana Kirtzkhalia -Trend:

Georgian Energy Minister Kakha Kaladze commented on the rise of gasoline prices in the country. The minister said, "the state can not directly and grossly interfere in the process of price regulation."

"Regulation of the market depends on what happens in the international market. In addition, changes in the GEL exchange rate affect the cost of any exported goods, and not only oil products," the minister stressed.

In Georgia, the retail price of gasoline of different categories has grown by an average of five cents.

The national currency rate in two months decreased from 1.64 to 1.79 lari per U.S. dollar.

Translated by M.L.

Edited by C.N.

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