...

Georgian oil companies seek to avoid price increases

Oil&Gas Materials 28 November 2020 16:14 (UTC +04:00)
Georgian oil companies seek to avoid price increases

BAKU, Azerbaijan, Nov. 28

By Tamilla Mammadova – Trend:

Oil companies in Georgia will not take a decision to raise fuel prices until the last moment, and if this is a forced step, the increase will only affect the minimum amount that will not harm either their business or consumers, said the Head of the Georgina Business Association's Oil and Gas Committee Shavleg Mishveladze, Trend reports via Georgian media.

According to him, the rise in prices will be disadvantageous for oil companies.

“The more expensive the fuel, the less it is sold,” Mishveladze said.

Over the past few days, oil prices on world markets have been growing.

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.

Another factor in the rise in fuel prices is the depreciation of the lari.

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.

---

Follow the author on Twitter: @Mila61979356

Tags:
Latest

Latest