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  • Why Petrol Price Increased

    WHY PETROL PRICE INCREASED
    Roza Hovhannisyan

    Story from Lragir.am News:
    http://www.lragir.am/engsrc/economy27245.html
    Published: 12:52:42 - 31/08/2012

    Petrol price is again up. According to the National Statistics Service,
    petrol price increased on August 20 by 3.2% compared to the beginning
    of August, reaching 490 drams.

    But, the average price compared with July is down by 0.1%. Compared
    with August 2011, the prices of petrol and diesel fuel increased this
    year by 4.2 and 3.9% respectively.

    If usually, petrol importers explain price increase by increase in the
    world markets, today the biggest importer Flash prefers to keep silent.

    In answer to Lragir.am's question on the reason of petrol price
    increase, vice-director of Flash Company Mushegh Elchyan said. "No
    comment."

    Economist Vardan Bostanjyan explained price increase by the growing
    demand. According to him, this issue is urgent all over the world.

    He says that the U.S. has worked out a program of designing economic
    cars to halve consumption of petrol. According to Bostanjyan,
    international tendencies certainly affect Armenia.

    The economist thinks that especially now when the presidential
    elections are coming up, the Armenian importers would never boost
    prices without any reason for that.

    Economist Vahagn Khachatryan, analyzing recent developments in the
    world markets, told Lragir.am that no essential change of price in
    world markets have been reported over the past 10 years.

    As to why the petrol price soars in Armenia, the economist says
    that the Armenians will always find an excuse. According to Vahagn
    Khachatryan, the rising dram and unchanged prices in the world markets
    should not push the price of petrol up in Armenia.

    Vahagn Khachatryan says the only explanation is the monopoly and the
    prices depend on the wish of the ruling people.


    From: Baghdasarian
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