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Expert: Gas Price Rise In Armenia To Drive Inflation 0.5% Up

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  • Expert: Gas Price Rise In Armenia To Drive Inflation 0.5% Up

    EXPERT: GAS PRICE RISE IN ARMENIA TO DRIVE INFLATION 0.5% UP

    ARKA
    March 31, 2010

    YEREVAN, March 31. /ARKA/. Gas price rise in Armenia will drive
    inflation 0.5% up, Gurgen Martirosyan, chief of Armenian National
    Statistical Service's unit on prices, said Tuesday at a press
    conference.

    "Gas expenses are included in subsistence. If gas prices go up, but
    prices for other services remain unchanged, gas price rise alone will
    heighten inflation 0.5%," he said.

    But it is not clear yet whether there'll be any increase in prices
    for other services or not.

    Martirosyan said that increase in gas and water prices added 1.5%
    to the 2009 inflation, which reached 6.5%.

    Natural gas price for Armenia's consumers will be raised 37.5% to
    AMD 132 on April 1, 2010, from present AMD 96 per one cubic meter.

    Those consumers using more than 10,000 cubic meters of gas monthly
    will pay $243.13 per each 1,000 cubic meters instead of $215 presently.

    Armen Poghosyan, the chairman of Armenian Association of Gas Consumers,
    is convinced that gas price rise will impact prices for other services.

    In his opinion, prices for other goods and services can't remain
    pegged after the increase in gas prices.

    Poghosyan said that Yerevan Jur Water Company is now reconsidering
    water prices.

    In late February, Yerevan Jur Water Company appealed to the Public
    Services Regulatory Commission proposing to raise water price from
    present 181 per one cubic meter to AMD 206.976. ($1 = AMD 396.59).
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