Armenian retailer raises price of diesel as Azeri rail delays begin to bite
Arminfo
1 Dec 04
Yerevan, 1 December: One of the major oil traders in Armenia, the
Flash company, has increased prices for diesel at its filling stations
to 270 drams per litre [approximately 54 US cents]. The prices of
diesel at its wholesale depots have also been reviewed upwards and
set within the limits of 265-270 drams per litre, the Flash company
told Arminfo. This month the company has increased the cost of diesel
by 30-40 drams, and since the start of the year by 85 drams.
Flash’s deputy director, Musheg Elchyan, said that the latest increase
in diesel was linked to the hold-up of tanker wagons carrying fuel
on the border and also the world increase in oil prices. He said that
Flash expected to receive 3,500 tonnes of diesel from the consignment
already delayed in Azerbaijan by more than 40 days. He said that in
the next two days 1,600 t of fuel would be received by ship across the
Black Sea from Ukraine and half of this fuel was earmarked for Flash,
which was expecting another 800-900 t in the first 10 days of December.
Overall, from January this year until today inclusive, Flash has
reviewed prices several times, mainly reacting to movements in the
world oil price. Over this period the company has increased retail
prices for petrol by 20-40 drams and wholesale by 37-39 drams. This
month the cost of petrol has changed slightly but has remained at the
previous level: retail prices for Premium-95 petrol were 340 drams per
litre and for Super-98 360 drams per litre, while wholesale prices for
Regulyar-91 were 295-300 drams per litre and for Premium-95 310-315
drams per litre. As for the retail price of Regulyar-91 petrol,
the company reduced it by 10 drams from 30 November and set it at
310 drams per litre.
[One dollar is worth approximately 498 drams.]