SOCAR Georgia Gas, a subsidiary of the Azerbaijani state oil company SOCAR, will increase gas prices for retail commercial consumers from March 1, 2019, local media reported citing a statement from the company.

The price of gas will thus be raised by 10.5% or $0.36 per cubic meter.

"The reason is the change in the rate of the Georgian national currency against the US dollar and the distribution tariff," the company said.

So far, SOCAR has invested more than $300 million in the process of providing the regions with gas and the development of gas infrastructure in Georgia, which enabled hundreds of thousands of families and commercial facilities to use natural gas.