Tbilisi (GBC) – Georgia’s gasoline imports increased by 7.6% year-on-year in 2024, reaching 918 million liters, according to a review of the country’s fuel retail market published by TBC Capital.

Of the total volume, 470 million liters (51%) were regular gasoline, 425 million liters (46%) were premium, and 23 million liters (2%) were super grade fuel. The report notes a gradual decline in the share of regular fuel, largely offset by the growing demand for premium gasoline as the car fleet becomes newer and more modern.

TBC Capital’s research indicates that the average import price of gasoline in 2024 fluctuated between USD 0.60 and USD 0.65 per liter. In the first nine months of 2025, the average import price continued to decline, driven by falling global oil prices and Georgia’s access to cheaper fuel sources.

Meanwhile, diesel imports also recorded steady growth following a period of stabilization. Diesel imports rose by 8.8% in 2023 and 9.4% in 2024, totaling 770 million liters.

According to the report, diesel fuel is primarily used in construction and agricultural machinery, trucks, and distribution vehicles, and the increase in imports reflects heightened economic activity in these sectors.

The average import price of diesel in 2024 was USD 0.63 per liter, marking a continued decline from the 2022 peak caused by surging crude oil prices during the Russia–Ukraine war and temporary disruptions in Azerbaijani diesel supplies.

Diversified Import Markets

Georgia’s access to sea routes ensures a diversified fuel import base, allowing flexibility in switching suppliers. The majority of petroleum products are imported from Bulgaria, Russia, and Romania, which together accounted for 82% of Georgia’s total fuel imports in 2024.

However, Russia’s share in Georgia’s fuel imports declined significantly in 2024 following its temporary export ban, compared to the levels seen in 2022–2023. In the case of diesel, Russia still held a 74% share of Georgia’s imports last year, although current export restrictions could alter this balance in the future.

Fuel Prices and Market Trends

Fuel prices in Georgia closely mirror global oil market trends. During the COVID-19 pandemic, prices dropped sharply due to lower demand, but surged again following Russia’s invasion of Ukraine in early 2022.

From 2019 to 2021, gasoline and diesel prices moved largely in parallel; however, this pattern changed in 2022, with prices — particularly for diesel — remaining elevated since the post-war peak.