Gas price reduction to save people’s money – Gagik Makaryan
In an interview with Tert.am, Gagik Makaryan, Chairman of the Republican Union of Employers of Armenia (RUEA), spoke of a gas price reduction.
“I welcome a price reduction in a number of respects. First, it is a psychological aspect, as the public is showing a rather negative attitude to Gazprom Armenia. Moreover, it could be welcomed in terms of economic competition,” Mr Makaryan said.
Next year is expected to be a crucial one for food processing companies.
“As regards citizens, a gas price reduction will be essential for the poorest families. It will raise their living standards and promote purchases, which will be seen as this price reduction is quite substantial,” Mr Makaryan said.
He has always held the opinion that Gazprom Armenia can reduce the gas price as it has so far sold gas at a double price.
A question arousing concern is how long the process will last. When the gas price is reduced, the electricity price is supposed to be reduced as well. It is expected to have a positive effect on the economy.
Since the government program envisages legal reforms, anti-corruption measures and creation of equal conditions, the market can be expected to normalize in the near future.
As to a need for control over reduction of prices for other products as a result of a gas price reduction, Mr Makaryan said that such control can hardly be established.
“People will spend the saved money to economy. Economic entities can reduce the prices for their products as well. But along with growing consumption, they can keep the price up to raise their incomes due to growing consumption. I think the market will quickly put things to order, and companies will obey the market rules,” Mr Makaryan said.
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