Some experts predict fuel price hike in Georgia due to the developments in Iraq. According to the professor at Tbilisi State University Emzar Jgerenaia, the events in Iraq have affected oil price in the world market. After the world brands, the expert predicts 5-10 % hike in Georgia as well. Chairman of the Union of Oil Products Importers also talks about growth of oil and platts prices in the world markets.
According to Vano Mtvralashvili, fuel price has reached its maximum in the last 9 months. As Vano Mtvralashvili explains, the latest developments in Iraq directly affect the world oil markets which in turn creates problems for the oil industry.
In his opinion, Georgia is implicitly linked to the international markets, though at this stage before making predictions we should wait for further developments. Mtvralashvili notes if the current events in Iraq don’t stabilize and prices continue to escalate, oil price rise is expected in Georgia too.
Source:commersant.ge |
June 16, 2014
