(NGOs) have spoken about the shortcomings of the fuel market of Georgia for
many years. The studies show that the
cost of fuel in the country is always higher than it should have been, given
international oil prices.
However, despite this, the oil
companies are trying to justify themselves and convince society that the prices
in the market are fair. In particular, the Union of Oil Products Importers
published comparative data on fuel prices in neighboring countries.
As it turned out, petrol in
Armenia costs at least GEL 2. 20 per liter, in Ukraine - 2, 63, in Turkey- GEL 3, 79. As for Russia and Azerbaijan, the
cost of oil products is much lower there- GEL 1, 68 and 1, 30 per liter as they the oil producing countries, and naturally the prices should be much lower there.
In Georgia a liter of petrol costs at least GEL 2, 3.
The Association of Young
Financiers believes this kind of
justification is nothing more than manipulation of numbers.
"There are a lot of
violations on the market, and it's not a secret for anyone. We constantly hear
excuses from oil companies and their lobbyists, including the last comparison,
which is nothing more than a manipulation of figures. But even this research
shows that fuel prices are too high. They are 14% lower than in Ukraine but a
13.7% inflation is not given, which is almost 100% higher than in Georgia. The
comparison with Turkey with also a very
high inflation rate of 12% is also unrealistic, " the Association’s statement
Inflation in Georgia is
several times lower and amounts to 6, 7%.
They believe in the
Association that currently all the necessary conditions exist for a decline in fuel prices in
"Importers boasted that
despite the growth in international oil prices, they manage to contain the rise
in price of fuel in Georgia. Amid the strengthened lari the oil prices should not have increased, but declined.
Today, oil prices are getting lower all
over the world, the national currency continues to gain its value- under
conditions of healthy competition, these two factors are sufficient prices in
the Georgian market begin to decline. Instead, importers by manipulating figures
try to justify high prices, " the Association states.
The experts say that prices on the Georgian oil market have not
been competitive for a long time, and to compare them with Ukraine and Armenia is
not an argument since these countries
are not distinguished by special democratic principles and high level of
"Studies and monitoring the
fuel market of Georgia clearly demonstrate that prices do not change adequately
to changes in the global oil market that gives us reason to assume that they
are artificially inflated," the Association believes.