The international affairs department of NIOC increased the price of light crude oil, heavy crude oil, and Forouzan crude for December by $5.35, $1.85, and $1.95 higher than the average Oman/Dubai oil prices.

The average price of Oman/Dubai crude oil is the benchmark in West Asia.

Iran has set the official selling price of light crude oil in the northwest European market 35 cents lower than Brent, and the price of heavy and Forouzan crude oil in this market is $4.4 and $4.3 lower than Brent, respectively.