Gazprom Armenia to apply for review of gas prices

Gazprom Armenia CJSC intends to apply to the Public Services Regulatory Commission with a request to review the gas prices.

The Company will propose to cut the price from 146,700 AMD to 139,000 AMD per 1 thousand cubic meters of gas for consumers using up to 10 thousand cubic meters monthly.

For those consuming 10 thousand cubic meters or more, the tariff will be calculated according to the formula P = 242.1 * E (instead of current P = 257.56 * E), where P is the P is the monthly 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.

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