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Georgian fuel excise revenues hit GEL 586 million

by Mariam Razmadze
December 23, 2024
in Business & Economy, News
Reading Time: 1 min read
Georgian fuel excise revenues hit GEL 586 million

Photo: CNBC.

The Ministry of Finance’s Treasury reports that in the first 11 months of 2024, the Georgian government gained GEL 586 million from fuel excise taxes, increasing by 11% year-on-year.

Revenue breakdown:

  • Gasoline: GEL 307 million, increased by 11% 
  • Diesel: GEL 241 million, increased by 11% 
  • Other Petroleum Products: GEL 39 million, increased by 9% 

Over the year, Georgia has imported 1.43 million tons of petroleum in form of various products, expenses amounting to USD 1.2 billion, a 13% increase.

Major Import Sources:

  • Russia: USD 472M
  • Bulgaria: USD 154M
  • Romania: USD 150M
  • Azerbaijan: USD 76M
  • Turkey: USD 70M

 

Tags: Fuel exciseThe Ministry of Finance
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