Kagh Petrol Group hikes petrol prices in Armenia
The Armenian state committee on protection of economic competitiveness has initiated administrative procedure into petrol market.
Monitoring specialists revealed that Kagh Petrol Group, the major importer of petrol in Armenia, raised prices by 20 drams for the second time during the past 1.5 months. Thus, Premium petrol price has reached 370 drams per liter.
The committee said that on June 10, 2009, Kagh Petrol Group notified of ceasing activity and resigning commission to import and sell fuel to City Petrol Group. Meanwhile, Kagh Petrol Group has won the tender on fuel delivery to Armenia and continued activity in the second quarter of 2009.
As to another petrol importer - Flash Company - it has not raised prices.
Monitoring specialists revealed that Kagh Petrol Group, the major importer of petrol in Armenia, raised prices by 20 drams for the second time during the past 1.5 months. Thus, Premium petrol price has reached 370 drams per liter.
The committee said that on June 10, 2009, Kagh Petrol Group notified of ceasing activity and resigning commission to import and sell fuel to City Petrol Group. Meanwhile, Kagh Petrol Group has won the tender on fuel delivery to Armenia and continued activity in the second quarter of 2009.
As to another petrol importer - Flash Company - it has not raised prices.
