Iranian oil minister rejects allocating special semi-subsidised gasoline quota

Baku, Azerbaijan, Feb. Mar. 9

By Rahim Zamanov - Trend:

Iran's Oil Minister Bijan Namdar Zanganeh rejected allocating special Semi-subsidised gasoline quota for the New Year holidays, Iran's Pananews reported on Mar. 9.

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

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

Iran used to allocate a special quota for the New Year holidays in the past years.

Iran's Mehr News Agency also reported that the country plans to increase the price of gasoline conforming to Euro-4 standard by 1,000 rials.

Iranian MP Amir-Abbas Soltani said on January 22 that the gasoline price would be increased by maximum 30 per cent, Iran's IRNA News Agency reported.

"Iran's Parliament (Majlis) Energy Commission has approved the maximum figure of 30 per cent," Soltani said, adding that he is sure the majority of the MPs will approve the figure.

Iran's Mehr News Agency reported on Mar. 4 that some 24 billion liters of gasoline was consumed in Iran in the first eleven months of the current Iranian calendar year (which started on March 21, 2013).

The country's average gasoline consumption was round 68 million liters per day in the mentioned figure.

The figure has risen to over 70 million liters per day in the 12th calendar month, and is expected to reach 100 million liters in New Year holidays.

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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