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Kagh Petrol Group Hikes Petrol Prices In Armenia

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  • Kagh Petrol Group Hikes Petrol Prices In Armenia

    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
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