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PETROLEUM PRODUCTS PRICES GO UP IN ARMENIA DESPITE GLOBAL TREND OF FALLING OIL PRICES
by Arthur Yernjakyan
Wednesday, December 10, 11:51
Petroleum products prices grew by 10 drams per liter in the first ten
days of December in Armenia despite global trend of falling oil prices.
According to ArmInfo's monitoring of the field, Super AI 98 petrol
price was up to 510 drams per liter, Premium AI 95 - to 480 drams per
liter, Regular AI 91 - reached 460 drams per liters, while diesel and
euro-diesel now cost 470 drams and 490 drams per liter, respectively.
Specialists link the growing petroleum prices in Armenia with the
ongoing price hikes in Russia, as Armenia has been purchasing oil
products overwhelmingly from Russia since Feb 2014. The growing prices
of petroleum in Russia amid global trend of falling oil prices seems
to have alarmed also President of Russia Vladimir Putin, who gave
orders to clear up the situation.
Meanwhile, the Armenian public was anticipating certain reduction
of petroleum products prices after Russia and Armenia signed an
intergovernmental agreement canceling export levies on the oil
products, gas and unpolished diamonds for Armenia. At least, Armenian
officials were forecasting benefits for Armenia and reduction of
petroleum prices in the domestic market. When Armenia was importing
petrol overwhelmingly from Europe, the situation was more predictable
and domestic prices were changing in line with the global trends.
http://www.arminfo.am/index.cfm?objectid=AF4D6390-8049-11E4-B6280EB7C0D21663
From: A. Papazian
by Arthur Yernjakyan
Wednesday, December 10, 11:51
Petroleum products prices grew by 10 drams per liter in the first ten
days of December in Armenia despite global trend of falling oil prices.
According to ArmInfo's monitoring of the field, Super AI 98 petrol
price was up to 510 drams per liter, Premium AI 95 - to 480 drams per
liter, Regular AI 91 - reached 460 drams per liters, while diesel and
euro-diesel now cost 470 drams and 490 drams per liter, respectively.
Specialists link the growing petroleum prices in Armenia with the
ongoing price hikes in Russia, as Armenia has been purchasing oil
products overwhelmingly from Russia since Feb 2014. The growing prices
of petroleum in Russia amid global trend of falling oil prices seems
to have alarmed also President of Russia Vladimir Putin, who gave
orders to clear up the situation.
Meanwhile, the Armenian public was anticipating certain reduction
of petroleum products prices after Russia and Armenia signed an
intergovernmental agreement canceling export levies on the oil
products, gas and unpolished diamonds for Armenia. At least, Armenian
officials were forecasting benefits for Armenia and reduction of
petroleum prices in the domestic market. When Armenia was importing
petrol overwhelmingly from Europe, the situation was more predictable
and domestic prices were changing in line with the global trends.
http://www.arminfo.am/index.cfm?objectid=AF4D6390-8049-11E4-B6280EB7C0D21663
From: A. Papazian