Fuel prices should decrease further in late September, - Irakli Lekvinadze, head of the Georgian National Competition Agency declares while talking about the research conducted on the fuel market.
The government of Georgia also had expectations for fuel price decrease early this month.
As Vakhtang Iobashvili, chairman of the Union of Union of Oil Product Importers explains, it is generally very difficult to predict prices. However, taking into account oil price decrease in the world today, there are all prerequisites for becoming fuel even cheaper in the country.
"If the fuel price becomes cheaper at Platts, it can decrease by 10-15 tetri instead of 5 tetri. Everything depends on the oil prices on the London and New York exchanges.
If there will be a stable situation in the world, the price of fuel will stabilize. The business does not need high price on fuel, because the lower its price, the more it will be sold.
Based on the current situation, how the processes are going on in the international oil markets, there are all prerequisites for reducing the fuel price in the local market, unless new circumstances emerge", explained Vakhtang Iobashvili.
