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ACBA-Credit Agricole Bank sums up CASHBACK QUEST results

Social Democratic (Hnchakyan) Party (SDHP) urges Armenia's leadership to inform the world community of Ankara's intention to seize Kessab

Heritage: Shant Haroutiunyan was convicted after Serzh Sargsyan's notorious speech at Columbia University in U.S.

Eduard Sharmazanov: Fairy-tales of the Turkish authorities about the Armenian genocide are simply funny

Between October 25-31 the 6th edition of ReAnimania to be held in Yerevan

Opposition MP Nikol Pashinyan urges Armenian Parliament to define concept of political prisoner

Armenian National Congress to do its best to free Shant Harutyunyan and his friends

Expert: Armenia's path and prospects in Eurasian Economic Union are vague

MP: Armenia, which has a ruined agriculture, can offer nothing to Eurasian market

Orphan Rug showcase in Washington is connected with tension in Turkish-US relations, Turkish media report

Naira Zohrabyan: Verdict against Shant Harutyunyan demonstrates that Armenia's judicial system is not independent

Armen Martirosyan: Armenian authorities do not want Armenia to lag behind Azerbaijan by number of political prisoners

OSCE MG Co-Chairs discuss preparations for upcoming summit hosted by French President later this month in Paris

VivaCell-MTS is the General Partner of the International Microelectronics Olympiad of Armenia

Beeline awards winners of My Beeline Armenia contest

RA Ombudsman Karen Andreasyan hosted at VivaCell-MTS

Armenia presents books on Armenian Genocide at Frankfurt Book Fair

Leader of Tseghakron Party Shant Harutyunyan sentenced to 6 years in jail, his son given a 4-year suspended sentence

Habitat for Humanity Armenia with the support of INECOBANK repairs entrances of apartment house in Yerevan's Shengavit community

Tatul Manaseryan: Armenia must not cherish hopes that EEU membership will give it more investments

Raffi Hovannisian hopes the opposition's steps will be clarified on October 24

Alexander Iskandaryan: Peace and war are the two things Russia does not need in the South Caucasus

VTB Bank (Armenia) reopens three more renovated branches

VTB Bank (Armenia) reopens three more renovated branches

Lydian International expected to launch gold recovery in Armenia in first half of 2017

Howard Stevenson: Amulsar Gold Project will change "bad reputation" of mining industry in Armenia

Yerevan: Baku's statements once again show Azerbaijan's dalliance with the upcoming Sargsyan - Aliyev meeting in Paris

Ambassador: Festival of Iranian film to be held in Yerevan

Kirsan Ilyumzhinov: Love for chess is in Armenians' blood

Heritage Party: Agreement on Armenia's accession to Eurasian Economic Union is non-constitutional

INECOBANK and Rostelecom issue a joint credit card for Rostelecom subscribers

Artak Zakaryan: Armenia is ready to cooperate with the EU in all the fields possible

Ariel Cohen: Putin may be compensating for reputational damage to Russia in the conflict in Ukraine by trying to resolve the Karabakh conflict

CoE Venice Commission welcomes Armenian authorities' idea of Constitutional reform

Armen Gevorgyan steps down as Deputy Prime Minister of Armenia

Deputy Friendship Group with Nagorno Karabakh set up at European Parliament

Cronimet Mining Company plans $200 million investments in construction of tailings disposal facility in south of Armenia

Politician: EEU is a good opportunity to boost economic development of Armenia

In Jan-Mar 2012 petrol price in Armenia grew by 11.2%

  • Monday, March 26, 20:28

Last week saw one more growth in the petrol price: on Friday, Mar 23, the price jumped by 20 AMD.

Today, Mar 26, Super AI 98 costs 540 AMD per liter, Premium AI 95 510 AMD, Regular AI 91 490 AMD, Diesel fuel 460 AMD. 

Deputy Director of the Flash company (Armenia's biggest oil trader) Mushegh Elchyan told ArmInfo that this is a response to global growth in fuel prices.

"In Armenia the growth is lower. For example, this year the petrol price in the world has grown by 22.5% against 11.2% in Armenia. If the global trend continues, next month we will see one more 20-30 AMD rise," Elchyan said.

He said that in Armenia petrol is cheaper than in Georgia. "The reason is that in Georgia oil traders earn more money and pay more taxes, while in Armenia, unlike its neighbors, almost 80% of motor cars already use gas, with only rich car owners still able to use petrol. As a result, petrol imports are declining, and this is forcing us to curb petrol prices," Elchyan said.

Armenia's Customs Service reports that in 2011 oil product imports dropped from 379,000 tons to 357,661 tons, while car imports grew from 17,000 to 26,400.

The biggest petrol importers in Armenia are Flash, City Petrol Group, Mika Corporation and Max Oil.

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