Georgia imports almost all of its hydrocarbon needs including gasoline and diesel. In 2024, the country imported 918 million litres of gasoline (+7.6% annually) and 770 million litres of diesel (+9.4% annually)- TBC Capital retail fuel market overview reads .
Importing gasoline and diesel will increase further as Georgia’s automotive fleet keeps expanding. In the first nine months of 2025, 125.3 thousand vehicles were added to the existing fleet, of which 61% run on gasoline, 21% are gasoline-powered hybrids, and 14% run on diesel.
Existing fleet is estimated at approximately 1.9 million vehicles, of which 64% run on gasoline, and an additional 12% are hybrid vehicles that use gasoline as their primary fuel. Diesel-powered vehicles account for 23% of the fleet.
The main trade partners for gasoline imports in 2024 were Bulgaria (32%), Russia (26%), and Romania (24%). Russia’s share declined after 2022–2023 due to export restrictions and quotas on gasoline.
In 2024, 74% of diesel imports originated from Russia, while Azerbaijan accounted for 14% of the total diesel import.
The average retail price in 2024 stood at GEL 3.1 per litre for gasoline and GEL 3.3 per litre for diesel.
In 2024, the five largest retail market players generated GEL 3.3 billion in revenue, marking a 33% annual increase. Wissol remained the largest company, holding 26% of the market. The average gross profit margin among key retailers was around 10% in 2024.
As of 2024, more than half of Georgia’s filling stations, approximately 670, operated within the organized fuel market.
In October 2025, the U.S. Department of the Treasury blacklisted state-owned Lukoil PJSC, the ultimate parent of the Georgian subsidiary.
