Iran denies gasoline price increase plan

Iran denies gasoline price increase plan

Azerbaijan, Baku, Jan.21/ Trend F.Milad‎‏

Iran is not going to increase the price of gasoline, Iranian Minister of Economy and Finance Affairs Shamseddin Hosseini said on Monday.

Some media reported in the past days that the government plans to increase gasoline and diesel oil prices as part of the subsidy reform plan's phase two.

Hosseini referred to the mentioned reports as baseless rumors, adding that if the government ever planned to increase the prices, it would be announced officially.

Iran will start selling gasoline conforming to Euro-4 standard in 8 cities from February.

The gasoline would be produced at Shazand oil refinery, the Fars News Agency reported.

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.

The Managing Director of Lavan Oil Refinery Company (LORC) Mohammad-Ali Dadvar said last week that Iran will double its gasoline production capacity at Persian Gulf refineries by the end of the current Iranian calendar year (March 20).

The refineries' produced gasoline meets Euro-5 standard, he said.

Iranian Standards Organization's Deputy Director Bahador Kazemi also said earlier this month that Iranian refiners have been obliged to supply gasoline meeting Euro-4 standards since the beginning of the next Iranian calendar year (March 21, 2013).

The produced gasoline currently meets Euro-2 standards, he said, adding that newly established refineries are able to produce gasoline which meets both Euro-4 and Euro-5 standards.

In December 2012, IRNA quoted Ali-Mohammad Sha'eri, the Iranian environment protection department's deputy director, as saying that some 50 million liters of gasoline and diesel, meeting euro-4 and euro-5 standards, will be produced in Iran by the end of the current Iranian calendar year.

The amount of fuel will be produced by Shazand, Tondgouyan, Abadan and Lavan refineries, he added.

In October 2012, ISNA quoted National Iranian Oil Production and Distribution Company's managing director Alireza Zeighami as saying that Iran is currently producing 25 million liters of premium gasoline per day, meeting euro-4 and euro-5 standards.

The country's gasoline output is projected to hit 70 million liters per day by the end of the next Iranian calendar year, he added.

Luxembourg ratifies protocol on tax agreement with Russia
Luxembourg ratifies protocol on tax agreement with Russia
Aeroflot to make flights to Seychelles from April 2
Aeroflot to make flights to Seychelles from April 2
Russia's Rosselkhoznadzor discloses volumes of agricultural products supplied to Georgia
Russia's Rosselkhoznadzor discloses volumes of agricultural products supplied to Georgia
Loading Bars
Latest
COVAX delivers over 20 mln doses of COVID-19 vaccines to 20 countries - WHO
Interest-free funding regulation may boost Turkey's home sales
Iran records 0.8% economic growth under sanctions, pandemic
2021 Index of Economic Freedom: Georgia 12th in world and 7th in Europe
Electricity consumption in February amounted to 1.6 bln kWh in Kyrgyzstan
Chinese investors have major potential for attracting cargoes to Georgian Anaklia seaport
Belgium announces phased plan to ease COVID-19 restrictions
More than 20,000 U.S. organizations compromised through Microsoft flaw
U.S. detained nearly 100,000 migrants at Mexico border in February
Number of German enterprises in Uzbekistan increases in last four years
Spike in Canada exports to U.S. leads to surprise January trade surplus
Brazil working with Biden on climate, Amazon deforestation - foreign minister
Luxembourg ratifies protocol on tax agreement with Russia
U.S., Britain announce 4-month tariff suspension in aircraft subsidy dispute
Aeroflot to make flights to Seychelles from April 2
Kazakh MFA talks great importance of developing relations with Turkic-speaking countries
Georgia expands list of countries from which tourists can travel to country
Iran to hold talks with EAEU soon
Pfizer vaccine to arrive in Georgia in the week of March 22 - seputy health minister
Turkey registers more than 11 302 new coronavirus cases
Kazakhstan, Uzbekistan ink agreement to step up cooperation in healthcare
Wind energy replaces coal as Germany's biggest energy source in 2020
National Bank of Kazakhstan adopts several anti-crisis measures during COVID-19 pandemic
Azerbaijani FM, head of Baku office of CE exchange views on development of new action plan for cooperation (PHOTO)
Norwegian company discloses amount of investments made in Azerbaijan
BSEC countries discuss impact of pandemic on tourism sector
Azerbaijan’s AzerGold, Chem Trade company sign contract
Georgia-Ireland Council to be important chain for strengthening bilateral economic relations
Uzbekneftegaz, Uzbek-Chinese JV talk prospects for co-op in oil, gas industry
Russia's Rosselkhoznadzor discloses volumes of agricultural products supplied to Georgia
World Bank may support Azerbaijan in fight against COVID-19
Azerbaijan names volume of compulsory non-life insurance market in Jan.2021
Swiss plan free coronavirus tests for population
Liberated Azerbaijani lands have great potential in winemaking
Azerbaijan may apply quarantine measures if COVID-19 infections continue to increase
UK watchdog looks to 'open banking' apps to help boost competition
Georgian mobile operators see decrease in total revenues for 2020
Georgia plans to build hanger in Telavi airport for private jets
Chevron to buy out Noble Midstream in all-stock $1.32 billion deal
Azerbaijani State Security Service shares grief of death of Turkish servicemen
Azerbaijan eyes to start employment promotion activities in liberated areas
Armenia once again demonstrates that it is far from sound thinking - Azerbaijani Foreign Ministry
Initiated by Mehriban Aliyeva, Heydar Aliyev Foundation makes new contribution to protection of world and religious heritage in Vatican (PHOTO)
Azerbaijan's MoD shares footage from Aghdam's Taghybayli village (VIDEO)
Kazakhstan offers Uzbekistan to consider launching production of Kazakh COVID-19 vaccine
Mehriban Aliyeva appointed as first deputy chairperson of New Azerbaijan Party
First website of sign language dictionary to be developed in Azerbaijan
Trans-Caspian Fiber Optic Cable Project discussed at “Kazakhstan-Azerbaijan: New Opportunities for Cooperation” event (PHOTO)
Turkey’s activity on Turkmenistan’s state commodity exchange in Feb. 2021
Iranian parliament approves increase of salaries
Baku International Sea Trade Port expanding co-op with in Netherlands
Azerbaijan's internet provider eyes to expand coverage of communication services
Trade takes up largest share in total turnover of Georgia's business sector
Volume of Azerbaijani Depository Center's Feb. 2021 bond payments revealed
Volume of business sector turnover up in Georgia
Italian companies eye returning to Iranian energy market
Azercell reveals the “Victory Year”s results
Main share of industrial production volume in Baku accounts for extractive sector
Azerbaijan records decrease in Jan. 2021 population's bank deposits
Five impressive facts about OPEC+ meeting
Total amount of transactions on Turkmen state commodity exchange for Feb. 2021
Kazakhstan to hold auctions for selection of flexible generation projects
Azerbaijan's police officers find munitions in liberated Shusha (PHOTO)
Iran reveals COVID-19 data for March 5
Reliability of Azerbaijani data center confirmed by int’l certification institute
Iran receives third batch of Sputnik V vaccine
Iran's Energy Exchange announces products to be on sale on March 6
Azerbaijan confirms 175 more COVID-19 recoveries
Kazakh Kazatomprom to hold additional auction on its solar energy assets
Turkmenistan considers promoting expansion of partnership opportunities within ECO
Hungary eyes increasing medicines supply to Uzbekistan
Azerbaijani PM expresses condolences to Turkish VP over helicopter crash
Azerbaijan's Minister of Economy highlights country's progress in terms of economic freedom
Australia resumes postal communication with Turkmenistan
Azerbaijan holds auction for public property facilities
Volkswagen core brand to accelerate electric vehicle shift
Kazakh airlines launch new flight to Uzbekistan
Uzbekneftegaz, Gazprombank co-op to increase hydrocarbon production
Investment in development of Chabahar Port continues
Britain starts formal countdown in 'final chapter' of Libor
Volume of food products sold in trade network of Azerbaijan’s Baku city increases
Maritime India Summit-2021 celebrates ‘Chabahar Day’
Egyptair to replace Sinai Air on Tel Aviv - Cairo route
US experts visit war-torn areas of Azerbaijan's Tartar (PHOTOS)
Three possible scenarios on economic dev't regarding COVID-19 crisis in Georgia
Kazakhstan reports increase in overall 2020 trade with Greece
Precious metal prices in Azerbaijan down
Small solar photovoltaic station launched in Uzbekistan’s Tashkent region
Kazakh National Bank shares data on money transfers via payment systems for 2020
Azerbaijan's Internet provider increases contribution to country's educational sphere
PASHA Bank talks possible development of 'neo-banks', information security in Azerbaijan
SOCAR becomes main supplier of Lithuanian gasoline to Ukraine
Azerbaijan to study underground water resources through satellite images
Kazakhstan discloses target volume of electricity generation for 2021
Fidelity Investments Inc acquires shares of Bank of Georgia
Deposits dev’t of Turkmenistan’s Uzynada field to increase oil, gas condensate production
Kazakhstan's only lowcoster launching direct flights to Turkey
Azerbaijan names amount of compensations paid to closed banks' depositors
Georgia reports 390 new COVID-19 cases for March 5
Russia documents 11,024 COVID-19 cases in 24 hours
All news