YEREVAN, APRIL 11, NOYAN TAPAN. According to studies of the RA State Commission on Protection of Economic Competition, ungrounded prices were used in the gasoline sale market by Flash company in February and December 2006 and by City Petrol Service company in March of the same year. According to spkeswoman for the commission Armine Udumian, prices of gasoline purchase by Flash company declined by 8.13% in December on November 2006, its expenses - by 4.88% but gasoline was sold at a price which was higher by 3.6%, as a result of which the company's profit grew by 110% in the indicated period. By the law, a sale price is considered as ungrounded if after its increase the profit of the economic entity grows by more than 5%. Ungrounded increase of prices will be considered a punishable action after the law on making additions and amendments to the RA Law on Protection of Economic Competition will take effect in the coming days.

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