Transportation price may rise to AMD 150 by next week

July 18, 2013 - 12:55 AMT

PanARMENIAN.Net - Yerevan Municipality will host a discussion on transportation price hike, with public transport companies participating. The results of the discussion will be submitted for Mayor’s consideration, Yerevantrans CJSC director told PanARMENIAN.Net

“Final calculation will be submitted to Mayor’s consideration, with the decision to be passed by next Monday,” Misak Hambartsumyan said.

“We intend to increase transportation price to AMD 150, up from current AMD 100. We’re trying to find a compromise for people to acceptable transportation price and transport companies survive in the market,” he said.

Despite earlier statement by the Public Services Regulatory Commission suggesting only a 5% hike, Hambartsumyan noted that the hike would not solve any problem, with the companies hardly able to operate in the face of increased prices for gas, diesel fuel and spare parts.