BAKU, Azerbaijan, March 26
Tamilla Mammadova – Trend:
Prices for petroleum products have increased in Georgia since the beginning of 2021 through March, Trend reports via Georgian media.
Thus, gasoline and diesel fuel have risen in price by an average of 30-35 tetri (9-10 cents) over the reporting period.
"Fuel prices have been growing since last year. From the beginning of June, international prices for Platts began to rise and fuel prices began to rise. But since this year, the rise in prices has become more tangible for consumers. Because the prices today are practically the same as before the coronavirus pandemic. This year, fuel in Georgia has risen in price at branded gas stations by 35-40 tetri (10-11 cents). We expect that the process of rising prices will continue in the near future," said the Chairman of the Georgian Union of Oil Products' Importers Vano Mtvralashvili.
Most companies now sell their products at cost price, he added.
According to him, the price of fuel in Georgia is not set in accordance with market demand and supply - the cost of fuel in a country dependent on imports is determined by international oil prices in accordance with S&P Global Platts.
Mtvralashvili noted that the only local factor affecting the price of fuel is the exchange rate of the lari, because the goods are bought and transported in US dollars.
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