No significant reduction in gasoline prices should be expected - chief of presidential administration

No significant reduction in gasoline prices should be expected - chief of presidential administration

YEREVAN, December 4. / ARKA /. Armenian motorists should not expect a significant drop in gasoline prices after an Armenian-Russian agreement on zeroing customs duties on Russian exports of oil and petroleum products to Armenia, chief of Armenian presidential administration Vigen Sargsyan told reporters on Tuesday.

On December 2 Russia and Armenia signed an intergovernmental agreement on the abolition of customs duties on export of gas, petroleum products and raw diamonds to Armenia. The document was signed after the talks of the two presidents Vladimir Putin and  Serzh Sargsyan in Yerevan.

According to Vigen Sargsyan, the change in the price of gasoline will not be significant because Armenian fuel traders bring the bulk of it from other countries. He said now Armenian companies may start bringing gasoline also from Russia and if this happens it may impact the gasoline market.

However, Sargsyan noted that this issue is largely dependent on logistics and supply routes of oil products to Armenia.

According to the National Statistical Service, gasoline prices in 2013 November decreased by 2.1 % from the same time span in 2012, while diesel prices increased by 0.3%. Currently, the average price for one liter of gasoline in Armenia is about 400-500 drams. ($1 - 403.91 drams). -0 -

15:47 04.12.2013

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