BAKU, Azerbaijan, Nov.25
By Tamilla Mammadova – Trend:
The price of oil has recently been growing and is at the highest level, which has led to an increase in fuel prices in Georgia, Trend reports via the Union of Oil Importers of Georgia.
Since October, the price of fuel at branded gas stations has grown by an average of 7-13 tetri (2.12-3.93 cents) per liter.
According to the union, another factor in the rise in fuel prices is the depreciation of the lari.
“Since the beginning of November this year, the price of oil on the London Intercontinental Exchange Futures Europe has grown by an average of $ 10.4 per barrel, or 27.8 percent, and currently stands at $47.86 per barrel. As for world prices for petroleum products, according to S&P Global Platts, they are growing in parallel with the rise in oil prices. In particular, since the beginning of November, the price of gasoline has risen by about $67.5 per tonne, or 19.8 percent, to $407.50 per tonne, while the price of diesel fuel has risen by about $82.5 per tonne. ton. It is also noteworthy that the rate of the lari has depreciated against the dollar, which is directly related to the price of fuel in the retail network,” explains the union.
Currently, the average retail prices for fuel at branded filling stations of the Georgian network are: regular gasoline - 2.10-2.29 lari (63-69 cents)/ liter, premium gasoline - 2.28-2.39 lari (69-72 cents) / liter, super-type gasoline - 2.45.-2.49 lari (74-75 cents) / liter, diesel EURO - 2.27-2.39 lari (69-72 cents)/ liter, diesel - 2.17-2.33 lari (66-70 cents)/ liter.
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