Azerbaijan, Baku, Dec. 30 / Trend F.Milad/
Iran may base the budget act for the next calendar year, which starts on March 21, 2102, on oil at $82-85, the National Iranian Oil Company's managing director said.
Ahmad Qalebani told the Mehr news agency that the oil price for the next year's budget act will not significantly change compared to the current year.
Iran's parliament approved a budget of 5,083 trillion rials ($480 billion) based on an oil price of $81.5 a barrel for the current Iranian year.
The budget for this calendar year, which started March 21, is about 40 percent more than last year's due to an increase in global oil prices and the implementation in December of the Subsidy Reform Plan to phase out energy and food subsidies.
