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October 16
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By Smbat Grigoryan

YEREVAN. – Car sales in Armenia have increased by 10.7 percent, from January to May.

But this is the case against the backdrop of an apparent drop in overall sales of consumer goods.

It turns out that the financial means of Armenia’s residents have reduced for buying good, whereas increased—for buying cars. 

The increased number of cars should also lead to a growth in car fuel sales in Armenia. But according to official statistics, the gasoline, diesel fuel, and compressed  natural gas sales have decreased by virtually 29 percent, from January to May.

Gasoline and diesel fuel sales, however, have had a proportionate growth. 

But numerous owners of passenger cars in Armenia prefer compressed natural gas over gasoline and diesel fuel, since it is cheaper. 

However, natural gas supplies to the country’s compressed natural gas pumping stations have reduced by 1.2 percent in the same period.

It turns out that tens of thousands of cars, which were imported to Armenia over the past two years, have not been refitted to be able to operate on compressed natural gas.

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