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Petroleum Prices In Armenia Have Already Grown By 9.3% Since Early 2

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  • Petroleum Prices In Armenia Have Already Grown By 9.3% Since Early 2

    PETROLEUM PRICES IN ARMENIA HAVE ALREADY GROWN BY 9.3% SINCE EARLY 2012

    arminfo
    Monday, March 5, 18:20

    Petroleum prices in Armenia grew by 10 AMD per liter in early March,
    and by 9.3% since the beginning of 2012.

    According to ArmInfo's monitoring, it is the third price growth
    since early 2012. As a result, the petroleum prices rose by 40 AMD
    per liter. Today Super AI 98 petroleum costs 520 AMD per liter,
    Premium AI 95 - 490 AMD, Regular AI 91 - 470 AMD, diesel fuel costs
    450 AMD per liter (growth by 30 AMD since early 2012). Since the
    beginning of 2012, the price of Regular petroleum has grown by 9.3%
    since early 2012, and Premium - by 8.3%.

    The oil traders of Armenia continue explaining the price growth in
    the republic by the growth of world prices of oil products, as well as
    by the amendments introduced in the Armenian legislation on 1 Jan 2012.

    According to the amendments, value-added tax is set on the imported
    oil products against the former fixed payment. This has risen the
    tax burden on import. The oil traders think that the prices will keep
    on growing.


    From: Baghdasarian
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