The government of Georgia expects that by the end of this month, fuel prices at filling stations will drop significantly, Deputy Prime Minister, Minister of Economy and Sustainable Development Levan Davitashvili said. The corresponding statement was issued by the ministry following the meeting of the minister with the major retailers of gasoline in the country.
Finance Minister Lasha Khutsishvili and head of the National Competition Agency Irakli Lekvinadze also attended the meeting, according to the statement. The sides at the meeting discussed the current situation in the consumer market of petroleum products and forecasts for the fuel market, competition issues and opportunities to minimize margins.
According to Deputy Prime Minister, issues of competition in the fuel market, cheap sources of fuel supply that can contribute to the reduction of current prices on filling stations have been discussed with the private sector. In his words, the government together with the private sector is actively working and discussing maximum opportunities regarding price reduction.
At the meeting, the head of the Competition Agency, Irakli Lekvinadze, presented the results of monitoring the oil products market. As he mentioned, it is important to have more competition in the fuel market and discussions will continue with companies on how this can be achieved and how large companies can offer fuel to consumers at a much more affordable price.
The Ministry notes that the meetings of Levan Davitashvili and Lasha Khutsishvili with representatives of oil companies regarding fuel prices are held on behalf of Georgian Prime Minister Irakli Garibashvili.
See all the news
Tata Power’s CEO Pays Visit to BMG
NEQSOL Holding has won defamation case against Communications Commission
Europe's largest crypto exchange WhiteBIT has partnered with Netflix
Interview with Albert Park, ADB’s Chief Economist - By Elene Kvanchilashvili, Forbes Georgia Executive Editor in Chief
This year, the VIII international literature festival Odesa will be held in Batumi
Georgian Commercial Banks Boost Business loan portfolio for large enterprises
High blueberry exports from Georgia In July
Op-Ed: Gold and Inflation
სებ-ი კრიპტობაზრის რეგულირებას გეგმავს - რა იცის სექტორმა?
#BMGAUTO: #AUTOრემონტი - რა ეტაპზეა ავტომობილი?
Fitch Affirms TBC Leasing at 'BB-'; Outlook Stable
What regime of sanctions applies to Russian oil and what requirements Georgia has to comply?
#BMGAUTO: Dodge magnum SRT8 - 6.1 hemi, BMW E46 M3 - CABRIO, AUDI A7 3.0T FSI Quattro S Line
#საქმიანები: მაკა ბატიაშვილის მაქსიმალური მინიმალიზმი
#რედაქტ2: გიორგი ისაკაძის ინტერვიუ სოსო ტყემალაძესთან - პრემიერ-მინისტრის მრჩეველი, რაგბის კავშირის პრეზიდენტი / 16.06.2022
#საქმიანები: "პატარა ბაზარი" - ქართული ბიზნესი ფრანგული შტრიხებით - ქეთევან მესხი
კადრების დეფიციტის და კვალიფიკაციის პრობლემა ტურიზმში
"USA supports Georgian economic by working with American firms to enter to Georgian market" - Degnan visited Batumi Multimodal Terminal
#BMGAUTO: Autoრემონტის პირველი გამარჯვებული - როგორ მივიღოთ მონაწილეობა გათამაშებაში?
Financial Services in CAREC