Over 10 mln liters of fuel smuggled from Iran per day: Official
Head of the Iranian Oil Ministry’s fuel department says more than 10 million liters of motor fuel are smuggled from the country every day.
The figure announced by Jalil Salari on Thursday is equivalent of at least $10 million in lost exports revenues for Iran.
The figure is also around 7% of the daily demand for gasoline and diesel in the country.
“Currently, (domestic) production and demand are in balance and the issue is with smuggling for which we should come up with a solution in order to have a stable fuel supply,” said Salari.
The deputy Iranian oil minister said some 6-7 million liters of diesel fuel are smuggled out of Iran per day as he put the daily figure of gasoline smuggling from the country at 4 to 5 million liters.
Iran’s diesel fuel prices are the cheapest in the world at $0.011 per liter while the country offers gasoline to motorists at $0.053 per liter, the third cheapest in the world after Venezuela and Libya. That comes as prices in neighboring countries, where a bulk of the smuggled fuels is used, are more than 10 times the prices charged in Iran.
In a decision announced in late September, the Iranian Oil Ministry cut monthly gasoline quotas assigned to motorists from 250 liters to 150 liters to clamp down on the smuggling of fuel.
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