25 May 2015 - 12:46
  • News ID: 241566
Iran Scraps Fuel Subsidy, Raises Prices

TEHRAN May 25(Shana)--The Iranian government has scrapped subsidized gasoline rationing system to unify the petrol and gasoil prices.

“As of Tuesday midnight, each liter of regular gasoline will sell at IRR 10,000 and each liter of premium gasoline at IRR 12,000,” spokesman for National Iranian Oil Products Distribution Company (NIOPDC) said.

Each dollar is traded for nearly IRR 29,000 officially and for around IRR 33,000 on open market.  

Davoud Arab-Ali said gasoil will also sell at IRR 3,000 a liter in Iran, adding that kerosene will sell at IRR 1,500 a liter and liquefied gas at IRR 2,300 per kilogram.

Jet fuel price will soar to IRR 6,000 a liter while compressed natural gas (CNG) will be charged at IRR 4,000 per cubic meter.

Arab-Ali said the quota remaining in smart cards of car owners would be valid until September.
News ID 241566

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