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Minister: No Application For Increase In Fare Received From Armenian

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  • Minister: No Application For Increase In Fare Received From Armenian

    MINISTER: NO APPLICATION FOR INCREASE IN FARE RECEIVED FROM ARMENIAN PASSENGER TRANSPORTING COMPANIES

    ARKA
    March 30, 2009

    YEREVAN, March 30. /ARKA/. None of the passenger transporting companies
    applied for increase in fare due to rise in gas prices in Armenia,
    the country's Minister of Transport and Communications Gurgen Sargsyan
    told journalists Saturday.

    On February 27, Armenia's Public Services Regulatory Commission
    approved the increase in gas price from the previous 84,000Drams per
    1,000 cubic meters up to 96,000Drams per 1,000 cubic meters.

    Rise in gas price will certainly influence other goods and services,
    yet everything will depend on the impact of the volume of gas
    consumption on service prime-cost, Sargsyan said.

    The Minister pointed out that the price is one of the components of
    the tendes won by passenger transporting companies.

    For amending the contract term the companies need to submit a
    respective application to the bidding commission, the Minister said
    adding that no such application has been received from any company
    so far. ($1=366.11Drams).
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