prices in Bulgaria register an improvement, given that gasoline
was cheaper in three EU member states, Malta, Estonia, and Romania, at the beginning of October.
The world's fifth-biggest crude oil exporter has long depended on imported gasoline
for 30 to 40 percent of its consumption, but now says it has become a net exporter.
"Experts have sampled the domestically produced gasoline
and the results show that this gasoline
is based on the Euro 2 standard with a 87% octane rating," he said, according to the website affiliated to conservative lawmaker Ahmad Tavakkoli.
According to the report, Iran produces between 280,000 and 285,000 barrels of gasoline
a day and until recently had acquired the remaining 30 percent, which is about 115,000-120,000 barrels a day, through big oil companies, a number of which are European.
microeconomic pros and cons of using the federal gasoline
excise tax for
According to the center, the nationwide average retail price of high-octane gasoline
declined 5.50 yen to 187.10 yen while that for diesel oil fell 5.00 yen to 160.50 yen.
A manager at a gas station in a residential area of Tokyo's Setagaya Ward said the store raised its regular gasoline
price by 14 yen per liter the same day.
By doing so they hope to prevent a substantial change in the future demand for gasoline
(its long-run price elasticity is higher than the short-run elasticity because consumers have more time to adjust to any price change).
With regard to the main reason behind start of gasoline
exports from this refinery, he added, "since domestic demand to this product is met and Iranian markets have been saturated for buying gasoline
, at the decision taken by deputy oil minister and CEO of the National Iranian Oil Products, Refining and Distribution Company (NIOPRDC), export of this strategic product was followed up strictly."
[ClickPress, Tue Jun 25 2019] Gasoline
octane improvers consist of three major compounds that are methyl tertiary5butyl ether (MTBE), ethanol and ethyl tertiary-butyl ether (ETBE).
Iranian Oil Minister Bijan Zanganeh said that since 2013, the volume of gasoline
production in Iran has more than doubled.