Two-tier gasoline prices bad news

Financial Tribune – Despite the fact that the National Iranian Oil Products Distribution Company’s gasoline output has not changed (115 million liters per day), the new rationing scheme announced last week has created a black market and resulted in long lines at the pumps

The decision to sell gasoline at two rates is a breeding ground for corruption, head of the Iran Gas Station Owners Union’s board of trustees said.

“Although the National Iranian Oil Products Distribution Company’s output has not changed (115 million liters per day), the new rationing scheme introduced last week has created a black market and resulted in long lines at the pumps,” Valiollah Mahmoudi was quoted as saying by IRNA.

Based on the new decision private car owners, CNG hybrid taxis, non-hybrid cabs, CNG hybrid vans, non-hybrid vans and ambulances can buy 60, 250, 400, 90, 250 and 500 liters of subsidized gasoline every month, respectively.

Despite the fact that unused gasoline can be saved for 6 months, car owners who have excess fuel in their cards have started selling it either directly or with the help of middlemen and filling station attendants.