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Tag Archives: Fuel

Why Fuel Prices Beat Historical Maximum

The past period has recorded quite painful developments on the fuel market as the price of a liter of petrol beat the historical maximum. Consequently, regarding the mentioned issue, I have heard a lot of comments and forecasts (another issue is how qualified these forecasts were, who someone was trying …

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Fuel Prices Keep Rising

Current developments on the Georgian oil market suggest that fuel may soon become a luxury product. Last week, fuel prices rose at all branded stations. Specifically, prices increased by 2-9 Tetri. As of June 6, at the SOCAR network the price of one liter of super petrol was 2.58 GEL, …

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Azerbaijan To Produce High Quality Aviation Fuel in Ukraine

SOCAR is negotiating with Ukraine for joint production of high quality aviation fuel in Ukraine. According to AzerNews, Ukraine and Azerbaijan are negotiating a deal for producing high-quality aviation fuel together it would help Ukraine to match sharp demand of availability of aviation fuel at its airports due to increase …

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Oil Companies Sell Fuel for 35 Tetri More to Retail Clients

fuel

Gulf earns 30 Tetri from sales of only one liter of fuel. Economists and field experts have long been talking about the drawbacks and unhealthy environment of the fuel market. As a rule, oil companies do not accept criticism. Their lobbyists frequently assert that the companies receive minimal profits, and …

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Fuel Price Has Increased in Georgia Accordingly to International Market

Fuel price has increased. Growth is from 2 to 5 tetri. The price has been increased of companies such as “Gulf”, “Lukoil” and “Wissol”. Deputy Director General of Lukoil Shavleg Misheladze confirms the price increase at Business Course. According to him, from today “Lukoil” all kinds of fuel increased by …

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Fuel Costs of Budget-Financed Organizations Exceeds 53 million GEL

According to the state treasury, in 2016 expenditures on fuel/lubricants made up 53.495 million GEL, down 7.879 million GEL year on year. This information is read at the report by State Auditing Service. This report covers the 2016 state budget fulfillment. At the same time, the report asserts that real …

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Low-quality Fuel or Campaign against Small Companies

According to the information spread several days ago, several non-branded companies trade in low-quality fuel. This statement was released by Vano Mtvralashvili, president of Union of Oil Importers of Georgia, in his interview with Radio Palitra. Many consumers make the fuel quality questionable, he said. “Today many operators work on …

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Whether Fuel Prices Keep Rising

Fuel

Several days ago, fuel prices increased in major parts of refueling stations in Georgia, with the average upturn per liter making up to 5-6 Tetri. The Caucasus Business Week (CBW) has examined reasons for growing fuel prices all over the country, as well as expected tendencies for the future. “An …

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Fuel Quality in Georgia Remains on Critical Level

Fuel

Fuel quality in Georgia is satisfactory – specialists do not agree with this conclusion made by the Environment Protection Ministry. Environmentalists think that real picture is worse and all components, starting from legislation ending with standards, should be improved. The Environment Protection Ministry started the diesel and petrol quality control …

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Oil Companies Propose to Mark Fueling Stations

Oil Companies Propose to Mark Fueling Stations

Oil importer companies in Georgia have proposed to mark fueling stations additionally to Eco Marking. The business sector has no remarks concerning the voluntary marking of fuel, but the regulations should be further tightened, Vano Mtvralashvili, head of the union of oil importers of Georgia, told the Business Contact. Companies …

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Lukoil Cuts the Fuel Price

Oil importer and distributor company “Lukoil” has lowered the prices on fuel since today’s morning. According to the company, the prices were reduced by 5 tetri on all categories of fuel. Therefore, resulting in the current pump price per liter to be: Euro Super 1.69 Premium Avangard 1.59 Euro Premium 0.00 Euro …

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