RETAIL PRICES OF OIL PRODUCTS IN ARMENIA UP BY 20 AMD OVER MONTH

ArmInfo
2009-05-15 12:54:00

ArmInfo. Retail prices of oil products in Armenia were up by 20 AMD
over the month. At present prices are stable and unlikely to rise till
the end of the month. Deputy Director of Flash Company, the largest
oil trader in Armenia, Mushegh Elchyan told ArmInfio world prices of
petroleum products are growing which cannot but affect the domestic
market of Armenia where fuel is fully imported. In March a barrel
was imported for $43-44 now for $57. ‘We had fully kept prices down
in the domestic market for certain period of time.

However, starting May 10 we were reluctant to increase them by 20
drams’, M. Elchyan said.

As of May 15, petrol Super AI 98 in Armenia cost 360 drams/liter,
petrol Premium AI 95 – 330 drams. Regular AI 91 – 310 drams. Diesel
prices in Armenia totaled 270 drams/liter.