Dram consolidation avoids sharp turnaround in oil product prices

Dram consolidation allowed to avoid sharp turnaround in prices for oil
products in Armenia

2008-01-15 11:32:00

ArmInfo. Dram consolidation allowed to avoid sharp turnaround in prices
for oil products in Armenia, deputy Director of the biggest Armenian
"Flash" oil trading company Mushegh Elchyan told ArmInfo.

As he said, if the world prices for petrol in 2007 grew by 45% on
average, they raised by 35% due to the dram consolidation in Armenia.
Some jump in prices in Armenia was marked on January 1-2, 2008, and the
prices at present are the same as of the midst, December, 2007, M.
Elchyan said. By his forecasts, they will hardly change till late
January, 2008.

As of January 15, 2008, 1 l of petrol "Super AI 98" costs 400 drams,
the "Premium AI 95" – 370 drams, the "Regular AI 91" – 340 drams, the
diesel fuel – 320 drams.