Petrol Price Up In Armenia

PETROL PRICE UP IN ARMENIA

Regnum, Moscow
27 Apr 06

Petrol prices have gone up by 10 per cent in Armenia over the past
few days, Russian Regnum news agency reported on 27 April.

The hike is caused by the rising oil prices in the world. If the
situation continues, petrol prices will keep growing in Armenia,
the agency said.

The agency quoted the Flesh company, which covers about 30 per cent
of the country’s petrol market, as saying that domestic petrol prices
might go up by more than 2-3 per cent in the next 10 days if the
world prices kept growing.

If hostilities begin in Iran, petrol prices in Armenia might reach
1.5 dollars per litre, the agency quoted one the largest Armenian
companies, Max Group, as saying. However, the company said Armenia
imports petrol from Europe, not Iran.