Parliamentarian From ARFD: Citizens Should Actively Protest Against

PARLIAMENTARIAN FROM ARFD: CITIZENS SHOULD ACTIVELY PROTEST AGAINST RISE OF GAS PRICE

ArmInfo
2010-02-08 15:44:00

ArmInfo. Citizens should actively protest against rise of gas price,
says Artsvik Minasyan, parliamentarian from ARFD Party.

Commenting on the rise of gas price expected in Armenia starting April
1 2010, he said that budget has not envisaged any funds for indexation
of pensions and benefits that would soften the rise of gas price and
the prices of all the products and services "depending" on the gas
tariff. "Rise of prices will become a new inflation pressure. In such
case, the Central Bank will probably find nothing better to do than
just reduce supply of the national currency," A. Minasyan said. He
thinks that the citizens must protest against rise of the gas price
even through rallies.

In compliance with the application of ArmRusgasprom CJSC to the Public
Services Regulatory Commission of Armenia, gas tariffs for consumers of
up to 10,000cu m of gas monthly will be increased from 96 to 136,000
drams per 1000 cu m. For the consumers of over 10,000 cu m of gas
monthly, the tariffs is calculated on the formula 256 x E (E = the
Central Bank’s exchange rate of the US dollar after 25 of every month
preceding the calculated month). The present formulate is E x 215.