FUEL PRICES REDUCED IN ARMENIA

Panorama.am
17:37 19/11/2008

After reduction of oil price in international market, fuel price has
been reduced for several times compared with the European countries,
reports the State Committee for Economic Competition. Is the petrol
price reduction in Armenia adequate regarding the sharp fall of oil
prices in the international market in one and a half month and which
is the situation in the international petrol market?

According to the data provided by Armine Udumyan, the press secretary
of the Commission, petrol prices in European counties are the
following: for example, in Austria AI-95 petrol is â~B¬1.27 per
1 liter, in Belgium- â~B¬1.55, in Italy and in Germany- â~B¬1.45,
in Spain- â~B¬1.23, in Portugal- â~B¬1.46, etc. Today in Armenia
the price is 330 drams. Nevertheless, figures become clear in
comparison. In Austria, Finland prices of AI-95 petrol decreased for
4.5 percent in October compared with July, in Germany- 7.6%, in Greece-
5.5%, in Netherlands- 3.5 %, in Italy, Slovenia- 5.8%, in Luxemburg,
France -3.9%, in Portugal-2.6%, there is no change of price in Spain,
it increased in Belgium for 1.3 percent. In Armenia the price of the
same petrol has decreased for 16.5 % during the same period.

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