BAKU, Azerbaijan, June 6
By Tamilla Mammadova - Trend:
The coronavirus pandemic had a significant impact on the global and Georgian fuel market, both in terms of sales and pricing, Trend reports via the report of Georgian Competition Agency.
The Georgian Competition Agency has prepared an interim review of monitoring of the Georgian fuel market, which covers the period from January through May 2020. This review was compiled taking into account the high public interest, the impact of coronavirus and current processes in the global oil market.
The report said that since 2013, in terms of both the import of gasoline and diesel, and in terms of their wholesale and retail sales, the number of operating economic agents has increased, and the market concentration index has been reduced, which is an indicator of an improvement in the competitive environment. In 2012, in terms of imports, 8 economic agents were represented on the market, and in 2019 their number increased to 63.
As reported, the range and price difference for the same fuel grades were quite differentiated. The difference in price for the same brands of fuel in large networks and small networks was 40-60 tetri (13-20 cents).
According to the report, the current processes in the Georgian market in terms of price changes were almost identical to the current processes for the same period in the local markets of fuel suppliers (Romania, Bulgaria, Russia). From January through May, the price indicator fell by an average of 30 percent.
In 2019, the total share of the five main economic agents operating in the Georgian market amounted to 60 percent. At the beginning of 2015, approximately 960 gas stations operated on the Georgian fuel market. In 2019, this number increased to 1,210.
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