Gas prices rise by 37% in Armenia

February 26, 2010 - 15:18 AMT

PanARMENIAN.Net -
From April 1, the gas prices in Armenia will rise from AMD 96 to 132 per cu m. Enterprises consuming over 10 000 cubic meters monthly will pay $243.13 per 1000 cu m. The Public Services Regulatory Commission explains the 37% rise in prices for population and 13% for enterprises by 17% up for Russian gas, AMD/USD reference exchange rate, 20% reduction in natural gas consumption and necessity to compensate ArmRosGazprom's investments.

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