Armenia: Price of Natural Gas to Remain Unchanged for Most Individual Consumers
Armenia’s Public Services Regulatory Commission (PSRC) today decided not to raise natural gas prices for most individual consumers.
The PSRC did allow for a price rise for large business consumers of natural gas.
On April 1 of this year, Gazprom Armenia CJSC applied to the PSRC to review the tariffs for natural gas sold to consumers.
The utility asked for an average price increase of 11%, arguing that the current tariffs made it impossible to operate in the black.
The PSRC, however, decided to increase the average weighted price of natural gas by 4.6% (from $255.06 to $266.71).
The increase will mostly impact large natural gas consumers.