NEWS

Price of natural gas to increase in Tbilisi starting June 1

As of today the price of natural gas in Tbilisi is 46.153 tetri per m3. Starting June 1, the tariff will increase to 54 tetri per cubic meter of gas. Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 27 May 2021 - 14:35, Tbilisi,Georgia

The price of natural gas will increase in the Georgian capital city of Tbilisi by 8 GEL per 100 cubic meter of gas starting June 1, announces the Georgian National Energy and Water Supply Regulatory Commission (GNERC).

GNERC Chairman Davit Narmania said that the tariff increase was caused by a $20 million debt that the Tbilisi Energy gas supply company faces.

It is important to revise the tariffs in order to compensate for the losses incurred as a result of the depreciation of the lari. When we set the tariff the rate was 2.97. After that, the company had to buy energy at a higher price than was supplied to the population at the tariff set by us. This is what led to the accumulation of debt for the company", Narmania said.

As of today the price of natural gas in Tbilisi is 46.153 tetri per m3. Starting June 1, the tariff will increase to 54 tetri per cubic meter of gas.

The new tariff will be in force until January 1, 2023.

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