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Armenian Govt To Stop Subsidizing Natural Gas Prices

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  • Armenian Govt To Stop Subsidizing Natural Gas Prices

    ARMENIAN GOVT TO STOP SUBSIDIZING NATURAL GAS PRICES

    Interfax News Agency
    April 15 2008
    Russia

    Armenia's government will end its current subsidizing of natural gas
    prices on May 1, Prime Minister Tigran Sargsyan said on Tuesday.

    "By its subsidies, the government has been trying to mitigate the
    negative effects of the rise in gas prices and enable the population
    and enterprises to get ready for the new prices," Sargsyan told
    a briefing.

    New gas prices approved by the Utilities Regulation Commission will
    be in force from May 1, the prime minister said.

    He also said his government was planning preparations for the 2008/
    2009 winter.

    "We have set ourselves the goal of protecting the needy strata of
    the population from problems that will be caused by the rise in gas
    prices," he said.
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