Diesel import increases in Georgia
24 March, 2011
Diesel import increases in Georgia

Despite the price hike on international oil market, demand on oil and oil products does not decrease. Consumption of diesel increased in Georgia while consumption of petrol decreased.
According to Vano Mtvralashvili, Head of Union of Oil and Oil Products Importers and Consumers, import of diesel has been permanently increasing in Georgia starting 2005  that bespeaks of increased consumption.
Based on statistics information of the Union, Georgia imported by 26 thousand tons more diesel in 2010 compared to 2009. On

the other hand import of petrol reduced by 45 thousand tons in similar reported period. However, the import figure of 2010 by 3 thousand tons exceeds the data of 2008.
All in all the total import of both of petrol and diesel reduced in 2010 by 20 thousand compared to 2009 although it exceeds the 2008 data by 56 thousand tons.
According to Mtvralashvili, reduction of petrol import is caused by low prices at international oil market in 2009. Commensurately prices on oil product were lower than today.
“In 2009 price per liter of petrol stood at GEL-0.95-1.00 tetri per liter for 6 months while in 2010 petrol price increased by 70-80%. Accordingly, consumption of petrol reduced against the backdrop of price hike. Besides many vehicle transport moved on gas supply due to much lower cost. The point is that technically only vehicles geared on petrol supply can move on gas supply,” Mtvralashvili said.
Import of diesel increased irrespective price hike. Mtvralashvili explains this factor by increased demand on diesel for transit transportation  volume of agriculture works enhanced, infrastructure projects are developing at high speed, and besides economy that bottomed out crises started its recovering process.
Another factor facilitating diesel import is that prices on fuel is twice more expensive in neighboring Turkey therefore vehicle transport that crosses Georgian border reserve as big supply as possible on their way back. Mtvralashvili accentuates that irrespective of price hike the total fuel import in Georgia in 2010 exceeds the import implemented before the crisis when the economy was developing at its high speed.

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