Kagh Petrol Group hikes petrol prices in ArmeniaJune 15, 2009 - 19:17 AMT PanARMENIAN.Net - The Armenian state committee on protection of economic competitiveness has initiated administrative procedure into petrol market.Monitoring specialists revealed that Kagh Petrol Group, the major importer of petrol in Armenia, raised prices by 20 drams for the second time during the past 1.5 months. Thus, Premium petrol price has reached 370 drams per liter. The committee said that on June 10, 2009, Kagh Petrol Group notified of ceasing activity and resigning commission to import and sell fuel to City Petrol Group. Meanwhile, Kagh Petrol Group has won the tender on fuel delivery to Armenia and continued activity in the second quarter of 2009. As to another petrol importer - Flash Company - it has not raised prices. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |