TBILISI, October 9 – Georgia’s government has pushed back against calls to temporarily cut fuel excise taxes, arguing that even halving the tax would not be enough to return gasoline and diesel prices to where they were six months ago. Deputy Finance Minister Giorgi Kakauridze made the case at a joint parliamentary committee meeting on … Read more
TBILISI, September 7 – Fuel prices have increased sharply in Georgia, adding to inflation and prompting opposition calls for the government to temporarily cut the excise tax on gasoline and diesel. TBC Capital said on Friday that gasoline and diesel were responsible for nearly half of Georgia’s seasonally adjusted monthly inflation in August. Annual inflation … Read more
TBILISI, September 18 – Russia is facing its worst gasoline shortage in two years, with wholesale sales dropping sharply while prices hit record highs, according to business daily Kommersant. On September 16, sales of A-92 gasoline at the St Petersburg commodity exchange fell 21.7% to 15,600 tons, the lowest level since 2023. A-95 gasoline sales … Read more