Iran to consider 3 scenarios for next year’s fuel prices

Baku, Azerbaijan, Jan. 21

By Rahim Zamanov - Trend:

The National Transport and Fuel Consumption Management Committee has presented the government with three scenarios for next years fuel prices, head of the committee, Seyy Mojtaba Shirifi, said on Jan. 21, the Iranian Mehr News Agency reported.

"In the first scenario the gasoline price remains the same but the quotas will be cut," he said, adding that in the second and third scenario the gasoline prices would reach 11,000 and 18,000 rials per liter, respectively.

"The government will decide about the prices," Sharifi said.

Iranians with cars currently pay 4,000 rials (33 cents) a liter for a monthly allowance of 60 liters and 7,000 rials a liter for larger volumes.

Such cars will be only supplied with 300 liters of gasoline per month at 7,000 rials a liter.

Iran's gasoline consumption has faced a 7.6-per cent increase compared to the previous year, the managing director of National Iranian Oil Products Distribution Company (NIOPDC), Mostafa Kashkouli, said on Jan. 10, the Iranian ISNA News Agency reported.

"Iran's average gasoline consumption currently stands at 68 million liters per day," he said.

"We are currently storing enough gasoline to meet the country's demands in the New Year holidays and the next summer," Kashkouli explained.

Over 6.534 billion liters of gasoline was consumed in Iran during the summer this year.

The figure is 500 million liters more than the same period of time the previous year, the IRNA News Agency reported.

Iran's average gasoline consumption stood at 68.5 and 68.2 million liters per day in the first and second months of summer, respectively.

The figure reached 74 million liters in the third month of summer.

Iran's average gasoline consumption stood at around 71.6 million liters per day in the previous Iranian calendar year, the ISNA News Agency reported.

It is while according to the Deputy Oil Minister Alireza Zeyqami Iran's average gasoline consumption stands at around 63.5 million liters per day.

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