0.7% RISE IN PETROL PRICE IN ARMENIA IN MARCH 2008

ARKA
April 1, 2008

YEREVAN, April 1. /ARKA/. A 0.7% rise in the petrol price was recorded
in Armenia in March 2008 as compared with February 2008. The RA
Statistical Service reports a 3.1% rise in the price for diesel fuel.

A 14.6% rise in the price for petrol and an 18.3% rise in the price
for diesel fuel were recorded. A 2.8% fall in the price for fuel was
recorded in March caused by a 4% fall in the price for liquefied gas.

A 0.1%-2.6% rise in the prices for make-up, footwear, furniture,
building materials, kitchen utensils, textiles, carpets and jewelry
was recorded in March. The price for cultural and household goods rose
by 1.3%, for household appliances by 1.2%, for detergents by 0.2%,
stationary by 0.2%, for personal hygiene goods by 0.2%.

A 0.1%-0.7% rise in the prices for nonfood products was recorded
in six out of 11 Armenian cities involved in the survey, with the
highest rise recorded in Vanadzor. A 0.2%-1.6% fall was recorded in
three cities, with no changes in prices for food products recorded
in Gyumri and Vagharshapat.