TEHRAN – Reduced gasoline imports to Iran will reduce its price in the Persian Gulf and make fuel prices in the region more balanced.

Deputy director of international affairs for marketing at the National Iranian Oil Company told Petroenergy Information Network that Iran is a major gasoline consumer and importer in the Persian Gulf and reduced gasoline imports to the country will affect the whole region.

Mohammad Ali Khatibi noted that high fuel prices in the United States have affected its rate in the Persian Gulf.

The official stated that, at present, gasoline price in the United States is about 150 dollars per ton higher than the Persian Gulf.

“Gasoline is less expensive in Persian Gulf, but global prices are interrelated and high price of gasoline in the United States will affect its price in the Persian Gulf,” he said.

News Code 105448

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