Economy
Posted: 2 months ago

How much does Fuel Cost in Georgia; Oil Prices Plunge by 42.5%

Oil prices per barrel at the London ICE exchange trading session declined by 42.5% to 31.74 USD. As for American light oil, WTI price decreased by 48.9% to 27.72 USD.

It is noteworthy that oil prices started plummeting after the Vienna meeting of OPEC member countries, where the Parties failed to achieve agreement on oil extraction contraction amid coronavirus outbreak worldwide.

OPEC offers to cut oil extraction volumes by 1.5 million barrels a day, but Russia blocked the initiative.

Meanwhile, the US Investment Bank Goldman Sachs announced its forecasts, under which the price per barrel may fall to 20 USD as a result of instable market.

At GULF fuelling stations, the price G-Force Premium per liter makes up 2.52 GEL; G-Force Euro Regular – 2.45 GEL; Regular – 2.39 GEL, Super – 2.67 GEL, Diesel – 2.59 GEL and Euro Diesel – 2.64 GEL.

As for Wissol network, the prices are as follows: Diesel Energy – 2.65 GEL; Eco Diesel – 2.72 GEL; Eco Premium – 2.60 HGEL, Euro Regular – 2.50 GEL, Eco Super – 2.70 GEL.

Lukoil: Premium Avangard – 2.48 GEL, Euro Regular – 2.30 GEL, Euro Diesel – 2.54 GEL, Euro Super – 2.66 GEL;

SOCAR – Premium – 2.53 GEL; Regular – 2.43 GEL, Super – 2.63 GEL, Euro Diesel – 2.57 GEL; Diesel – 2.62 GEL.

Rompetrol: Efix Euro Diesel – 2.69 GEL; Euro Diesel – 2.66 GEL; Euro Premium – 2.59 GEL, Euro Regular – 2.49 GEL; Super – 2.73 GEL.