Armenia reduces gas prices for population thanks to Russia

The Armenian Public Services Regulatory Commission decided that the tariff for Russian gas for population will decrease from July 1, 2016.

Accordingly, instead of 156 drams (approx. $0.33), the residents of Armenia will pay 146.7 drams (approx. $0.31) per one cubic meter of natural gas.

The decision to reduce prices was made after April 7, when Russia set the natural gas price at the border of Armenia to $150, instead of $165, APA reports.