MP: ARMENIAN AUTHORITIES WILL TRY TO FACILITATE THE CONSEQUENCES OF PETROL PRICE INCREASE

/ ARKA /
May 16, 2011
YEREVAN

YEREVAN, May 16. /ARKA/. Armenian authorities will undertake steps for
facilitation of consequences of regular increase of petrol prices,
considers member of parliament from the leading Republican Party of
Armenia Gagik Melikyan.

“It is not a secret, that the reason of petrol price increase in
Armenia is price increase of fuel products in the international
market. I think that our authorities will undertake steps in
facilitation of its consequences”, he said.

These steps will not envisage price reduction of petrol but, for
example, it will be reflected in the type of introduction of not
expensive pesticides, technologies or subsidies for agriculture.

Petrol price increase will have its negative consequences on the
policy of inflation control conducted in Armenia.

According to the data of Armenian National Statistic Service, petrol
and diesel fuel prices in April 2011 increased compared with the
same period of 2010 by 3.9% and 5.8% accordingly. Petrol and diesel
fuel prices in April 2011 increased by 15.1% and 19.9% accordingly
compared with December 2010.