About the price of petrol in Georgia

Consumers in Georgia often complain that the price of fuel in the country is very high compared to world prices. They think that the market is monopolised and prices are kept artificially high.

Against the background of the world oil price fall petrol in Georgia has either gone up or remained at the same level. As there is no functioning anti-monopoly legislation in Georgia oil corporations can put prices up without any explanation or justification.

The Bankebi and Finansebi newspaper has calculated that 1 litre of regular petrol should cost 1.26 GEL here, but is sold for 1.75 or 1.80. This shows that up to 30 million in unearned profit is accruing to the oil companies.