The Georgian Competition and Consumer Agency (GCCA) has published the results of its monitoring of the auto fuel market for the first quarter of 2025. The findings reveal an increase in gasoline and diesel prices in January, followed by a decline in March.
According to the report, the increase in prices observed in January was mainly driven by higher production costs. On a company level, retail prices rose by an average of 5 to 10 tetri, while the cost of both imported and locally sourced fuel increased by 3 to 10 tetri in several instances.
However, the rise in cost prices was not uniform across all market participants. In many cases, retail price increases were largely driven by price parallelism a recurring pattern historically observed in Georgia’s fuel market.
Conversely, the price decline recorded in March was primarily due to reduced costs of imported and locally sourced fuel by certain companies. Nevertheless, even where the cost of specific fuel types remained unchanged, nearly all companies lowered retail prices during this period, suggesting coordinated pricing behavior.
Notable differences in pricing were identified between large and small retail networks for identical fuel types: Regular gasoline: 24–44 tetri; Premium gasoline: 19–33 tetri; Diesel: 29–46 tetri
As of April 2025, global crude oil prices have recorded an additional decline of 8–10% and continue to exhibit a downward trend. In light of the current stability of the Georgian lari and the continued decrease in both crude oil and Platts benchmark prices on international markets, a further reduction in domestic retail fuel prices is anticipated in the near term.
In 2024, Georgia imported a total of 1,668,280,000 liters of fuel, supplied by 47 importing companies. The three largest importers accounted for 44% of the total volume, while the top five importers collectively held a 62% market share, reflecting a relatively low level of concentration within the import segment.
During the same period, 383 companies operated 1,238 fuel stations across the country. The five largest retail companies held a combined market share of 66–67%, whereas small and medium-sized networks accounted for the remaining 33–34% of the retail fuel market.
