Baku, Azerbaijan, Jan.31
By Fatih Karimov - Trend:
The Iranian parliament has approved a proposal made by the oil ministry to increase fuel prices in the next Iranian calendar year, which starts on March 21, the Mehr News Agency reported on January 31.
Accordingly, natural gas price will be increased 130 rials (about 0.5 cent based on the U.S. official exchange rate of 24,850 rials) per cubic meter. Gasoline and diesel fuel prices will be also increased by 5 percent.
The increase in prices will be applied without taking into account the effect of the second phase of the subsidy reform plan.
The natural gas price was increased 100 rials per cubic meter in the current Iranian year, reaching 800 rials per cubic meter in winter and 1,300 rials in summer for household and commercial consumers.
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Details of gasoline, diesel fuel, and natural gas price rise |
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Fuel |
Current price / one liter |
New price (not taking subsidy reform affect into account) / one liter |
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Ordinary semi-subsidized gasoline |
4000 rials |
4200 rials (17 cents) |
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premium semi-subsidized gasoline |
5000 rials |
5250 rials (21 cents) |
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Ordinary gasoline |
7000 rials |
7350 rials (29 cents) |
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Premium gasoline |
8000 rials |
8400 rials (33 cents) |
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Semi-subsidized diesel fuel |
1500 rials |
1575 rials (0.6 cents) |
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Diesel fuel |
3500 rials |
3675 rials (14 cents) |
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Natural gas (in winter) |
800 rials |
830 rials (0.3 cents) |
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Natural gas (in summer) |
1300 rials |
1330 rials (5 cents) |