Armenia faces rising LPG prices, shortages at filling stations

Armenia is experiencing a surge in liquefied petroleum gas (LPG) prices amid shortages at petrol stations across the country.

While petrol prices have fallen, LPG costs have risen sharply over the past few days, increasing from 160 to 260 drams per litre, Caliber.Az reports via foreign media.

Reports indicate that until yesterday evening, many filling stations struggled to maintain supplies.

The country relies primarily on imports from Russia for its LPG needs, with additional supplies sourced from Iran and Iraq.

Meanwhile, petrol prices in Armenia have fallen in recent days, with analysts pointing to the arrival of Azerbaijani fuel as the main factor.

A survey of nearly all major filling stations in the country found that stations which had previously refused to sell Azerbaijani petrol have now lowered their prices

The latest batch of petrol, which arrived in Armenia just days ago, is being sold at Ran Oil and Gulf Armenia stations, owned by Khachatur Sukiasyan, a member of the ruling party.

Prices at these stations are significantly lower than at other outlets, even taking into account a general 20–30% reduction across the market. Premium petrol is now priced at 430 drams per litre, equivalent to just over $1.

By Aghakazim Guliyev