Russian fuel share on Georgian market increases from 5% to 27% in 2014-2018

Tbilisi, May 28 - Neftegaz.RU. According to Georgia Today, the share of Russian fuel imported into Georgia increased from 5% to 27% from 2014 to 2018 and is leading among the fuel importer countries.

83% of imported fuel comes from 4 countries: Russia, Romania, Azerbaijan and Turkmenistan. In 2014-2018, the cheapest fuel was imported from Azerbaijan, but the largest share from Russia.

The information was released by Transparency International Georgia (TI) which carried out a study of the Georgia’s automobile fuel market in 2014-2018. The organization says that competition on the fuel market has increased since 2013.

“From 2012 to 2018, the number of fuel importers increased from 7 to 57. During the same period, the market share of large companies decreased from 93.4% to 69.5%,” TI Georgia reports.

The NGO says Georgia fully depends on imported fuel. Further, in 2018, the value of imported oil and oil products reached $864 million, which is 9.5% of the total imports.


Author: Thea Morrison