Platts' international price for gasoline has almost doubled since January 2021 Nika Chitadze Professor of the International Black Sea University Director of the Center for International Studies The global average retail price of gasoline has doubled over the past 20 years. This is a world trend, which has several main reasons, and the price of gasoline in Georgia could not ignore this inevitable reality. The price of various gas stations in the country has gradually increased. Only since October 1, the price has increased by an average of 10-15 tetri/liter, which is 3-4% of the price. In general, economists cite OPEC + 's restrictions on oil production, rising international prices for oil products, excise duty, and the GEL exchange rate as reasons. Recently, the noticeable increase in prices in Georgia is mostly due to the first two reasons. S&P Global Platts is a platform that reports on the market price of energy products, including fuel. Through it, the pric...