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Price hike expected at Armenia’s diesel market

13.12.2017, 12:03
Diesel price is expected to be increased in Armenia on January 1, 2018 because of inclusion in the value added tax, Zhamanak (Time) reported on Wednesday.  

Price hike expected at Armenia’s diesel market
YEREVAN, December 13. /ARKA/. Diesel price is expected to be increased in Armenia on January 1, 2018 because of inclusion in the value added tax, Zhamanak (Time) reported on Wednesday.  

On a very cautious estimate, the diesel price may be raised by 50 drams per one liter, but fuel traders say that the price rise may be more significant. 

According to the newspaper, people who have free financial resources have already started buying and stock up on the fuel for selling it later at a higher price. 

If diesel becomes more expensive, farmers will have to spend additional 8,000 drams on the fuel. ($1 – AMD 484.11). -0-