Chairman of Armenia State Commission for Protection of Economic Competition clarifies situation over gasoline price
16:18, 14 January 2016YEREVAN, JANUARY 14, ARMENPRESS. Gasoline price has dropped from 470 AMD to 410 AMD, becoming 13% cheaper. Chair of the State Commission for the Protection of Economic Competition of the Republic of Armenia (SCPEC) Artak Shaboyan told journalists after Government sitting. He added that gasoline sector is in the center of SCPEC’s attention.
Regarding the not equivalent reduction in gasoline prices in the Republic of Armenia in case of the global drop in oil prices, Shaboyan stated that the ratio of oil in the gasoline sold in our country is about 7%.
He emphasized that gasoline is imported to Armenia mainly from Russia and the ratio of oil in that gasoline is rather small. Moreover, lots of money is spent during extraction, business is well taxed in the RF and gasoline it is taxed again when importing it to Armenia. That is why, the drop in oil prices does not much influence gasoline prices.
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