KAGH PETROL GROUP HIKES PETROL PRICES IN ARMENIA
/PanARMENIAN.Net/
15.06.2009 18:17 GMT+04:00
/PanARMENIAN.Net/ The Armenian state committee on protection of
economic competitiveness has initiated administrative procedure into
petrol market. Monitoring specialists revealed that Kagh Petrol Group,
the major importer of petrol in Armenia, raised prices by 20 drams for
the second time during the past 1.5 months. Thus, Premium petrol price
has reached 370 drams per liter. The committee said that on June 10,
2009, Kagh Petrol Group notified of ceasing activity and resigning
commission to import and sell fuel to City Petrol Group. Meanwhile,
Kagh Petrol Group has won the tender on fuel delivery to Armenia and
continued activity in the second quarter of 2009. As to another petrol
importer – Flash Company – it has not raised prices.
From: Emil Lazarian | Ararat NewsPress