BAKU, Azerbaijan, Nov. 18
By Elnur Baghishov - Trend:
If Iran can sell every liter of excess gasoline for 50,000 rials (about $1.1) in countries around the Persian Gulf, it will receive profit of 140 trillion rials (about $3.3 billion) a year, Iranian Deputy Minister of Economic Affairs and Finance Mohammad Ali Dehghan Dehnavi said, Trend reports referring to ILNA.
Dehnavi noted that Iran produces in average about 100 million liters of gasoline a day.
If 10 million liters of gasoline consumption is saved every day, Iran will get a profit of 40 billion rials (about $952,000) a day and 400 billion rials ($9.5 million) for 10 days, the deputy minister said.
Under the current economic conditions, Iranian citizens won’t be able to buy one liter of gasoline for 50,000 rials (about $1.1), Dehnavi added.
The cost of one liter of gasoline in Saudi Arabia, in equivalent to the Iranian currency, is 62,000 rials (about $1.4), in the UAE - 64,000 rials (about $1.5), in Afghanistan - 70,000 rials (about $1.6), in Pakistan - 80,000 rials (about $1.9), in Turkey – 132,000 rials (about $3.1), in Turkmenistan - about 50,000 rials (about $1.1), in the Netherlands and Sweden - 200,000 rials (about $4.7), the deputy minister noted.
Dehnavi said that gasoline price has a very small impact on the economic basket of every Iranian family.
The deputy minister added that the increase in gasoline prices doesn’t mean that the price for various services will rise, too.
On Nov. 15, the National Iranian Oil Product Distribution Company announced an increase in gasoline prices in Iran. The prices for gasoline within quota in Iran have risen by 10,000 rials (about 23 cent) to 15,000 rials (about 35 cent) and prices for gasoline above the quota grew by 30,000 rials (about 71 cent). So far, the price of one liter of gasoline above the quota in Iran was 10,000 rials (about 23 cent).
According to the official exchange rate of Iran’s Central Bank, $1 equals to 42,000 rials and 113,000 rials according to the black market rate.