Gasoline consumption in Iran grows despite price rise
Baku, Azerbaijan, June 28
By Fatih Karimov - Trend:
Gasoline consumption in Iran has increased despite a recent rise in prices.
Some 73.9 million liters of gasoline were consumed in Iran in spring this year compared to 68.3 million liters last year, Iran's IRNA news agency reported on June 28.
On April 25, National Iranian Oil Refining and Distribution Company increased semi-subsidized gasoline to 7,000 rials, while the free market price stood at 10,000 rials.
Semi-subsidized gasoline was previously sold at 4,000 rials (33 cents), while the free market gasoline price was 7,000 rials.
Iranians with cars receive a monthly allowance of 60 liters with the semi-subsidized price and have to pay the free market price for larger volumes.
Based on the new prices, semi-subsidized super gasoline and free market super gasoline are sold at 8,000, and 11,000 rials, respectively.
The country currently imports 5.5 million liters of gasoline per day.