10 March 2014 - 10:09
  • News ID: 213663
Iran to Raise Gas Prices to Support Providers

TEHRAN Mar 10 (Shana): The Iranian Economic Council had decided to raise the rate of services offered by gas stations in major cities, said a senior Petroleum Ministry official.

Deputy minister of petroleum for planning and supervision on hydrocarbon reserves, Mansour Mo'azami, said the decision was made on Sunday to provide enough incentive for building new gas stations and optimizing distribution of oil products in Tehran and other mega cities of the country.

Under the Economic Council’s decision, owners of gas stations will be authorized to charge respectively 100 and 40 rials for the supply of every liter of oil products in Tehran and other big Iranian cities.

According to Mo'azami new tariffs will come into force as of the beginning of new Iranian calendar year on 21st March 2014.

News ID 213663

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