Fuel imports up in 2020 in Georgia

Oil&Gas Materials 15 January 2021 15:29 (UTC +04:00)
Fuel imports up in 2020 in Georgia

BAKU, Azerbaijan, Jan. 15

By Tamilla Mammadova – Trend:

Georgia’s fuel imports amounted to 1.1 million tons in 2020 that is 0.9 percent and 10,000 tons more than in 2019, Trend reports via the Union of Oil Product Importers.

In particular, gasoline imports amounted to 540,400 tons that is 0.7 percent and 3,900 tons less than in 2019. Diesel imports amounted to 565,600 tons that is 13,900 tons and 2.5 percent more than in 2019.

Russia is the largest supplier of gasoline and diesel to Georgia - 342,800 tons (31 percent of total imports), followed by Azerbaijan (214,900 tons, 19.4 percent), Romania - 206,900 tons (18.7 percent), Bulgaria - (112,000 tons, 18.7 percent), Turkmenistan - (104,700 tons, 9.5 percent), etc.

The year 2020 was characterized by significant challenges for the oil business sector.

As the union notes, COVID-19 is the main challenge for Georgia.

"Various restrictions imposed by the Georgian government, including regulations on the movement of vehicles, have caused less fuel consumption and reduced fuel sales," the union said.

The second major challenge was the depreciation of the Georgian national currency against foreign currencies.


Follow the author on Twitter: @Mila61979356