Giorgi Andguladze, Commercial Director at Georgian Petroleum, says that global declines in jet fuel prices are
reflected in Georgia’s market, with further reductions expected in the coming weeks.
in his words, the Platts index for jet fuel has fallen from around $1,600 per ton to $1,300, following stabilization in global trading after April’s volatility. According to him, prices in Georgia are adjusted based on a two-week average, with the next update expected from May 16, potentially bringing an additional 10% decrease.
Andguladze explained that prices had previously doubled due to geopolitical tensions, rising from around $800 per ton before the conflict to $1,600 at its peak. Although slight fluctuations continue, the overall trend remains downward.
He added that the impact is directly felt by airlines operating in Georgia, including Lufthansa Group, Qatar Airways, flydubai, and others, though flight schedules remain largely stable due to the small size of the Georgian market. Global aviation data also confirms a weekly decline, despite prices still being significantly higher year-on-year.
