Opinion. Armenia can expect decrease in gasoline prices

Chairman of the State Commission for Protection of Economic Competition of Armenia (SCPEC) Artak Shaboyan told reporters that over the past year in Armenia the price of gasoline had fallen from 470 to 410 drams (about 13%). According to the official, the share of oil in the petrol imported to Armenia from Russia amounts to 7 per cent only, so the price of gasoline in Armenia has decreased despite the drop in oil prices. Logically, when the fall of oil prices should drop the price of gasoline, but the price of Russian fuel does not fall, because the share of oil in the Russian petrol is small, — says Eldar Kasaev, a member of the Expert Council of the Union of Oil and Gas Producers of Russia, Orientalist.

“The price of gasoline in Russia is comprised of 10% of oil, 60% of taxes and excise duties of the state, 30% — other expenses,» — told RUSARMINFO Eldar Kasaev. According to the expert, the price of gasoline in Armenia depends on how much Armenia buys gas from Russia, and also whether they takes into account the decline in gasoline prices in the world. “In the future, the price of oil is likely to continue to fall. The gasoline will become cheaper in Russia, which means that in Armenia it will also be decreased,” noted the expert. According to the Rosstat, from January 4 to 10 of 2016, the price of gasoline in Russia fell by 0.1%.