Newsfeed

Public Services Regulatory Commission decides to reduce tariffs of some services of ArmenTel CJSC

Poaching and illegal hunting tours endanger birds in Armenia

The NKR premier: The Madrid Principles are certainly unacceptable to us

Armenian Copper Programme cuts blister copper production by 13.5%

VTB Bank (Armenia) confirms its leadership in lending

EY takes employees of Armenian ancestry back to their roots

Levon Hayraptyan's health much worse

Vahagn Hovnanyan: Oligarchs have full control of Armenian economy

John Heffern believes that Nagorno-Karabakh conflict can be resolved only through peaceful talks

In Oct 2014 Armenia to join UN peacekeeping operation in Lebanon

ICRC car fired at on Armenian-Azeri border

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Azerbaijan mounts another sabotage attack on Line of Contact, Armenian side has 1 victim and 2 wounded

Helsinki Citizens' Assembly Vanadzor Office urges Armenian Defense Ministry to look into military conscription of a kyphotic young man

Armenia suffers no losses during crossfire initiated by Azerbaijan on Armenian-Azeri border

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Armenia's former prime minister: The indicator of the economic growth in Armenia is extremely low for the first half of 2014

RPA: OSCE Minsk Group Co-Chairs’ latest statement was addressed to Azerbaijan

French citizen lost in Gegarkunik region of Armenia

RPA does not hurry to assess 100 day activity of Hovik Abrahamyan's government

Serzh Sargsyan sees no need in arming of population of border villages

Seyran Ohanyan: Armenia has been putting in place ‘engineering facilities’ along with other measures to prevent attempts by Azerbaijani sabotage groups to infiltrate into its territory

Charges brought against Levon Hayrapetyan

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.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields