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Gasoline prices in Iran not to be unified

Oil&Gas Materials 23 April 2014 12:26 (UTC +04:00)

Tehran, Iran, April 23

By Milad Fashtami - Trend:

Iran doesn't plan to announce a unified price for gasoline.

Iranian oil minister Bijan Namdar Zanganeh said that the government has yet to decide about the final prices for semi-subsidized and free market gasoline, Iran's ISNA News Agency reportedon April 23.

"The quality of gasoline would be increased in the next [Iranian calendar] year (to start March 21, 2015)," he explained.

Iranian government is supposed to announce new prices for gasoline and other energy carriers as part of implementing the second phase of subsidy reform plan.

The government was expected to announce the new prices on April 20, but it postponed the announcement. Instead the Iranian government decided to cut semi-subsidized gasoline quota for cars until further notice.

The government, however, announced that it has not cut the public transportation vehicles' semi-subsidized gasoline quota, so any increase in transportation fares will be unacceptable.

Semi-subsidised gasoline was previously sold at 4,000 rials (33 cents), while the free market gasoline price was 7,000 rials.

Iranians with cars used to receive a monthly allowance of 60 liters with the semi-subsidies price until last month and had to pay 7,000 rials per liter for larger volumes.

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