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Oil minister: No plan to increase gasoline price this year in Iran

Iran Materials 2 July 2012 16:43 (UTC +04:00)

Azerbaijan, Baku, Jul.2/ Trend F.Milad/


Iranian Oil Minister Rostam Qasemi has announced that gasoline prices will not be increased in the domestic market in the current calendar year, which ends on March 20, 2013.

"No decision has so far been taken to increase fuel prices," he said, the ISNA News Agency reported.

President Mahmoud Ahmadinejad said in May that the price may reach maximum to 10,000 rials by the end of the fifth five-year development plan in 2015

Majlis Speaker Ali Larijani has said that the government was seeking to triple petrol prices and to double the cost of natural gas as part of the next stage of the plan to reduce spending on energy subsidies.

Today, gasoline is sold at two prices: a 50-liter monthly allowance at 4000 rials (33 cents) per liter, and any amount above that at 7000 rials (57 cents) per liter.

MP Gholam-Reza Mesbahi-Moqaddam, who is the chairman of the Majlis Economic Reform Committee, told the Mehr News Agency that since the subsidy reform plan must be implemented over a five-year period, 10,000 rials per liter is the best price for gasoline, which is now sold at 7000 rials per liter. He also suggested that the monthly allowance price of 4000 rials per liter be increased to 7000 rials per liter.

The first stage of the subsidy reform plan, which is mainly focused on cutting fuel subsidies, started in December 2010.

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