Oil price is getting cheaper in Georgia. As a member of the supervisory board of Mziuri (importer of Oleyna) Dimitri Ramishvili stated, in the case of their company, for now, the decrease in prices will be 5-6%. However, according to Dimitri Ramishvili, it is likely that this trend will continue in the future, because in addition to the fact that since September, Russia has reduced the export tax on oil, other bureaucratic procedures have been canceled since October.
"The reduction of the export tax in Russia will affect our prices as well. In the case of my company, on average, oil prices will decrease by 5-6%. However, this trend will continue. The reason for saying this is that, firstly, there will be a new crop, and in addition, certain bureaucratic procedures (licenses, etc.) will no longer exist from October. At the same time, talks about the cancellation of the export taxes are underway", - said Dimitri Ramishvili.
To be informed, from September 2022, Russia will reduce the export tax on sunflower oil almost twice, from 15,987 rubles to 8,621 rubles. The floating export tax mechanism for sunflower oil in Russia is effective from September 1, 2021.
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