High taxes on petrol in Armenia, price affected – official
Chairman of the State Commission for Protection of Economic Completion Artak Shaboyan told reporters on Friday that the Commission is focused on the country’s petrol market.
“We are conducting large-scale government procurement monitoring, and we have focused our attention on the markets with large companies,” Mr Shaboyan said as he answered a question about reasons why lower petrol prices in Russia and Georgia.
Armenian companies are importing oil products from Russia, but Mr Shaboyan does not know anything about the Rosneft-set petrol price for Armenia.
“You can apply to the commission and get the information within a couple of days,” Mr Shaboyan said.
Asked whether the high taxes in Armenia could be the reason, for some importer companies not reducing their petrol price, Mr Shaboyan said:
“Of course, taxes play their role in pricing. I have repeatedly said that the percentage of oil I the final price of the petrol on Armenia’s market is 8% - a rather high percentage. The reason is that we are importing from Russia. Taxes constitute s large share in the petrol price in Russia. Besides, transportation has to be taken into account. High taxes are imposed on petrol in our country as well. The share of taxes is high, which has its influence on prices.”
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