BAKU, Azerbaijan, Dec.2
By Tamilla Mammadova – Trend:
COVID-19 restrictions will have a negative impact on fuel sales in Georgia, said the chairman of the supervisory board of Wissol Soso Pkhakadze, Trend reports via Georgian media.
According to Pkhakadze, COVID-19 restrictions introduced by the government reduce social and economic activity as well as fuel consumption.
“The restrictions definitely reduce fuel consumption. Prices are being adjusted, and as soon as the available stocks are completed, prices may have to be increased,” he explains.
In Pkhakadze’s words, business is trying to contain price rise and if this cannot be avoided, to raise prices slightly.
“The purchasing power of citizens during the pandemic has significantly decreased, and price hikes will only further decrease sales. Only stable prices and sales can secure stable profitability of the oil business,” Pkhakadze concludes.
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.
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