Georgian PM: Government will “do its best” to further reduce fuel, food prices

In his address to lawmakers, Garibashvili highlighted “effective negotiations” of the Government had led to reductions, with prices at non-branded petrol stations dropping below ₾2 (0.78$). Photo: PM's Press Office

Agenda.ge, 24 Mar 2023 - 18:44, Tbilisi,Georgia

Georgian Prime Minister Irakli Garibashvili on Friday told the country’s Parliament the Government was continuing talks with fuel importers and ensuring “everything” was done to further reduce domestic prices.

In his address to lawmakers, Garibashvili highlighted “effective negotiations” of the Government had led to reductions, with prices at non-branded petrol stations dropping below ₾2 (0.78$).

The Government head also pointed out a new draft bill was aimed at reducing food prices and regulate the relationship between importers and sellers, as well as between the retail chains. He said a further reduction in food prices - by an estimated 20 to 30 percent - would result from the adoption of the law.

“Overall, the Government has concrete visions - whether in construction of houses for the internally displaced people or improved services - [and] it will show serious progress in all directions", he told MPs.