The international oil prices
have been rising since July 29 that will
definitely affect the Georgian market.
According to Soso Pkhakadze, Wissol
Group President, fuel prices in the country are planned to be revised in the
“We are selling the reserves,
which were purchased at relatively low prices and are not going to increase
prices so far. But soon we will buy fuel at higher prices, and this will be reflected
in the domestic market. During the pandemic, oil prices dropped dramatically,
and we purchased a large stock of oil products at very low prices. Today oil costs
more than $ 40 per barrel on the international market and the current prices at
the filling stations don’t reflect the reality. While having stocks we are
trying to keep prices at the same level, ”he explains.
Pkhakadze believes if the current global trend continues
and prices do not resume falling, prices will rise by about 10 tetri per liter.
Today, the most
popular Euro Regular gasoline costs an average of GEL 1.82 in Georgia while a month ago its price was GEL
Last month oil products have risen in price by 4.5%.