Armenia cuts gas price for consumers

The Public Services Regulatory Commission ruled today to cut the gas price. Those consumers, who use up to 10 thousand cubic meters of gas monthly, will now pay AMD 146,700 including VAT (down from  AMD 156.000).

For those with a monthly consumption of 10 thousand cubic meters or more, the current price will be calculated under the formula of P = 257.56 * E, where P is the cost of natural gas for consumers of 10 thousand cubic meters of gas or more, and E is the average exchange rate of AMD against USD 1 as of the 25th of the previous month.

The changes come into force from July 1.

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