oil prices and the national currency rate are two major factors affecting petroleum
to the Union of Oil Products Importers, the international factor can be excluded
now given the stable oil prices remain, there
remains only one risk factor such as the
devaluation of the national currency which lasts for the last few days.
say if the national currency does not strengthen, fuel prices can grow by 5-6
tetri per liter.
in two weeks or a month the national currency keeps falling, we’ll buy the new
batch at a new rate and sell it at a higher price, ” Zaal Yakobidze, CEO at Senta
filling stations network says.
Yakobidze’s words, an approximate rate of fuel price growth can’t be predicted as all depends on the lari
to Vasil Khorava, the General Director of Wissol , they are trying to maintain the price level,
but if devaluation continues, then growth is inevitable.