Iran oil ministry denies reports on increasing gasoline prices
Baku, Azerbaijan, April 11
By Khalid Kazimov - Trend:
Iranian Oil Ministry has published an announcement denying reports regarding a decision to increase the prices of gasoline, Tasnim news agency reported.
"Iranian Oil Minister Bijan Namdar Zanganeh has not made any remarks on increasing gasoline prices over the past several days. Therefore the ministry dismisses the recent media reports about the increased in oil prices," oil ministry's announcement read.
The ministry's announcement has urged the media to refrain from publishing rumors regarding gasoline prices.
On the sidelines of a meeting with Dharmendra Pradhan April 9 in Tehran, Bijan Namdar Zanganeh was quoted as saying that the increase in gasoline prices is possible.
However, according to a bill passed by lawmakers April 10 the prices of gasoline and other oil products will increase by five percent in the current Iranian calendar year (started March 20).
Reviewing the country's draft budget plan for the current fiscal year, the MPs passed the bill on the price of the oil products.
Under the bill the sum obtained from the five percent increased prices will be allocated to National Iranian oil Refining and Distribution Company to develop its pipelines.