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Petroleum Price Rise Expected in Armenia

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  • Petroleum Price Rise Expected in Armenia

    PETROLEUM PRICE RISE EXPECTED IN ARMENIA

    Panorama.am
    12:17 17/07/06

    Mushegh Elchyan, expert of "Flash", one of the leading oil traders
    in Armenia told Panorama.am that the rise on oil in the international
    market will undoubtedly affect the internal market in Armenia.

    In his words, prices per 1 tone of petroleum have gone up by $300
    amounting to $800 against the beginning of the year. The expert could
    not tell how much the prices will rise. He said several factors
    affected rise in oil prices, among them Iranian nuclear problem,
    devaluation of American dollar, fuel deficit, stable rise in prices
    in the international market and the recent incidents in Lebanon. In
    his words, volume of import is not affected yet.

    Note: At the moment 1 liter of Regular type petroleum costs AMD 380,
    Premium - AMD 400 and Super -AMD 420./Panorama.am/
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