The base price of 20 petroleum products was announced on commodity exchanges

The base price of 20 petroleum products was announced on commodity exchanges

The base rate of 20 petroleum products was announced in commodity exchanges: The National Refining and Distribution Company announced the base rate of 20 special petroleum products in the stock exchange to 6 exchange and over-the-counter refineries and 3 government refineries. 6 stock exchange and OTC refineries in Bandar Abbas, Isfahan, Tabriz, Shiraz, Tehran and Lavan and three state refineries in Arak, Kermanshah and Abadan have announced the new prices of 20 oil products in a letter from November 1 until further notice.

Also, the announced prices are without VAT and duties that must be taken into account by the companies. On August 20, the Minister of Oil announced the decision on how to calculate the price of a barrel of crude oil and gas condensate delivered to the country’s refineries and the price of 5 main products by the end of 1995 to all 9 private and public refineries. Announced special oil companies in commodity exchanges.