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Iranian gas stations present fuels conforming to Euro standards

Business Materials 19 February 2013 12:01 (UTC +04:00)

Azerbaijan, Baku, Feb.19/ Trend F.Milad

Iran has started distributing gasoline and diesel fuel conforming to Euro-4 and Euro 5 standards.

Currently gasoline is sold at two prices: a 60-liter monthly allowance at 4000 rials (33 cents based on the official rate of USD) per liter, and any amount above that at 7000 rials (57 cents) per liter.

Premium gasoline is also presented at two prices of 5000 rials (40 cents) and 8000 rials (65 cents).

The half-subsidized diesel fuel is sold at the price of 1500 rials (12 cents) and any amount above the car's monthly allowance is presented at 3500 rials (28 cents).

US price was sold at the price of 37,500 rials in the free market on Tuesday.

The government maintains an official reference rate of 12,260 rials to the dollar, but only a limited amount of foreign exchange is available at this rate.

Deputy Iranian Oil Minister Alireza Zeiqami said on Monday that Iran will start selling diesel fuel conforming to Euro-5 standard in capital Tehran in the next few days.

The oil ministry has also doubled distributing diesel fuel conforming to Euro-4 standard in capital Tehran, the Mehr News Agency quoted Zeiqami as saying.

Iran started selling diesel fuel conforming to Euro-4 standard in capital Tehran and some major cities earlier this month. The country's daily consumption of diesel oil currently stands at 50 million liters.

The country also started selling gasoline conforming to Euro-4 and Euro-5 standards in eight major cities early this month.

The move is a part of Iran's efforts to reduce air pollution. Motor vehicles account for 70 percent of air pollution in the Iranian capital city.

Tehran says all carmakers would be obliged to manufacture cars meeting Euro-4 and Euro-5 standards.

Iran currently produces 14 million liters per day of gasoline conforming to Euro-4 and Euro-5. The amount would reach 22 million once the RFCC unit of Shazand oil refinery comes on stream, the Mehr News Agency reported.

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