MOSCOW. – The presidents of Armenia and Russia agreed on price for gas supplied to Armenia.

President Sargsyan told the journalists about the outcome of the talks with his Russian counterpart Vladimir Putin, RIA Novosti reports.

Sargsyan they had talked about a key issue - the price for natural gas supplied to Armenia.

“I think we have come to an agreement about pricing for gas supplies. The price should be based on actual market price of gas taking into account ... regional tariffs for the Armenian economy to maintain its efficient position,” RIA Novosti quotes Sargsyan.

Several media outlets claimed that gas price will go up in Armenia, making AMD 280 for 1000 cubic meters starting from Oct. 1st, 2012, while the price would again go up since next year, making AMD 320. Armenia currently purchases gas for AMD 180 for 1000 cubic meters.