Iran News ...


8/25/04

Iranian government needs 1.1 billion dollars for gasoline imports

Tehran, Aug 25, IRNA -- The government will need dlrs 1.1 billion by end of the year on March 20 to import gasoline, said Director of the International Affairs Department at National Iranian Oil Company Hojjatollah Ghanimifard in Tehran on Wednesday.

Ghanimifard told IRNA that since the government has spent the credit of dlrs 1.3 billion set aside for gasoline imports, it is to submit a bill to the Majlis to call for an additional dlrs 1.1 billion budget for the purpose.

He said each ton of gasoline is sold for about dlrs 210 to dlrs 213 on international markets in January 2003 but the price has risen to dlrs 460 per ton.

He added that one of the reasons for the budget shortage is gasoline price hike on the international markets as a result of increase in oil prices on the markets.

The official said rising crude oil price has pushed up the prices of certain oil derivatives.

He said that compared to other oil derivatives, the price of kiln oil showed no tangible growth not only in the Persian Gulf but also in other parts of the world.

Subsequently, the government failed to meet the budget for gasoline imports out of kiln oil exports, he concluded.

... Payvand News - 8/25/04 ... --



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