Oil companies are preparing a lawsuit - five largest petrol and diesel fuel retailers are against the decision, according to which companies are obliged to pay a fine of 55 million GEL.

Competition Agency’s decision can be appealed in the Tbilisi City Court.

PM Irakli Garibashvili said on July 16 that he does not want companies, facing multi-million fine, to become anxious, adding that the “process is completely transparent.”

Four others are SOCAR Georgia Petroleum, which has been fined GEL 14.38; Sun Petroleum Georgia, operating chain of petrol stations under the Gulf brand, which has been fined GEL 11.26; Rompetrol Georgia, which has been fined GEL 10.84m, and Lukoil Georgia, which has been fined GEL 4.74m.

“We have not violated any requirement of the Competition Law,” Wissol Petroleum Georgia said in a statement on July 16.

Commenting on multi-million fines imposed by the Competition Agency, PM Irakli Garibashvili said at a government session on July 16, that the companies can dispute the decision in the court.

“This is completely transparent process,” he said. “I do not want the companies to get anxious.”