“Despite the devaluation of the GEL, the price of fuel will continue to decrease,” – the Head of the Union of Oil Product Enterprisers of Georgia, Vano Mtvralashvili, said. According to him, the reduction in oil prices has already started and fuel at branded gas stations has become cheaper by an average of 45 tetris.
"During the last 20 days, the GEL depreciated by 15 points against the dollar. This means that the cost of fuel has increased by 15 tetris. Therefore, when we see the depreciation of the GEL, the rate of decrease in fuel prices will be relatively lower than it would have been during the stability of the GEL.. Obviously, the decrease in prices was somehow hindered by the devaluation of the lari, but this does not mean that fuel will not become cheaper, on the contrary; fuel will still become cheaper, although the rate of price reduction will be relatively low," - Vano Mtvralashvili said.
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