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Prices for oil products in Armenia keep growing as world prices continue their downward motion

19.08.2015, 14:18
Prices for oil products in Armenia keep growing as world prices continue their downward motion, Haykakan Zhamanak (Armenian Time) reports.
Prices for oil products in Armenia keep growing as world prices continue their downward motion
YEREVAN, August 19. /ARKA/.  Prices for oil products in Armenia keep growing as world prices continue their downward motion, Haykakan Zhamanak (Armenian Time) reports. 

According to the newspaper, petrol prices leapt almost 2.5% in Armenia over the last two months, while in Europe petrol prices dived 6% and in Russia they plunged about 20%. 

The thing is that Russian petrol dominates Armenia's petrol import, and Russia's petrol export business is monopolized by Rosneft, Russia's sole petrol exporter, who imposes its unjustified prices on Armenia.  ---0---