Middle East Economic Survey


No 40



NIORDC Targets Gasoline Price Rise In Next Iranian Year

The National Iranian Oil Refining and Distribution Company (NIORDC) does not plan to raise gasoline prices in the current Iran year (21 March 2006 to 20 March 2007), but aims to submit a bill to the Majlis calling for a price hike in the next year. NIORDC Managing Director Mohammad Nematzadeh announced on 25 September that the Ministry of Petroleum had established a committee to set...