Iranian Oil Minister: Decision to amend the price of gasoline in favor of low-income people
11:33 - 16/11/2019
Information / Baghdad ..
Oil Minister Begin Zangana said on Saturday that the decision to adjust the price of gasoline will be in the interest of low-income middle-class and poor in society and will not spend its revenue otherwise.
The estimates of the proceeds of the gasoline price adjustment amounted to 310 trillion riyals annually (countries official price = 42 thousand riyals) and will be allocated to support low-income people, Zangana said.
"By rationing gasoline distribution, supply and demand will be balanced for years, thus increasing exports," he said.
It is noteworthy that the Iranian government issued a decision to amend the price of gasoline, where the distribution of gasoline by 60 liters per month at 15 thousand riyals per liter, while setting the price of 30 thousand riyals per liter outside this framework. Done / 25