In June of 2024, the average price of petrol per liters in Iran stood at 15,000 Iranian Rial. The petrol price per liters in Iran has been stable at 15,000 Iranian Rial since the first half of 2020.

The 2025 annual OPEC oil price stood at 78.1 U.S. dollars per barrel, as of February. This would be lower than the 2024 average, which amounted to 79.86 U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2024 fall in prices was the result of weakened demand outlooks, primarily from China.

This statistic shows the change in the price of gasoline per liter in selected countries for the period between June 2019 and June 2020. The price changes concern unleaded premium (95 RON) for France, Germany, Italy, Spain, and the United Kingdom, and regular unleaded for Canada, Japan, and the United States (AKI 87). RON stands for Research Octane Number, while AKI means Anti-Knock Index. Both represent the most common octane rating in the countries shown. In June 2020, the gasoline price per liter in the U.S. was 23.4 percent lower than it was in June 2019.

Influences on gasoline prices

The price of gasoline is a frequently discussed issue, and is a part of almost everybody’s life in developed countries. Gasoline prices worldwide are dependent of a number of factors: crude oil prices, costs for processing and distribution, demand, strength of currencies, taxation, and availability. The most influential factor is the crude oil price. This price includes the costs for exploration, extraction, and transport. What the consumer pays in the end is also an issue of national oil pricing policy. Typical regions with high taxes on gasoline are European countries and Japan. Other countries keep consumer prices low by subsidizing the costs for gasoline. Among latter countries are the United States, Saudi Arabia, Iran, Venezuela, Egypt, Malaysia, Bolivia, and others. There are many other factors, however, which directly influence the price of gasoline. Wars, crises, and natural disasters in oil producing regions, for example, can obstruct the production and transportation, and thus cause higher crude oil prices. Last but not least, the end-consumer defines the price through his or her demand. A higher number of people driving cars means higher prices for gasoline, which is often the case in the summer months or holiday seasons.

The Iranian wood fuel market totaled $3.3M in 2024, with an increase of 4.9% against the previous year. Overall, consumption saw a slight downturn. As a result, consumption attained the peak level of $6.4M. From 2015 to 2024, the growth of the market failed to regain momentum.

Iran GDP: Basic Prices: Non Oil: Industries & Mining: Electricity, Gas & Water Supply data was reported at 641,743.100 IRR bn in 2018. This records an increase from the previous number of 576,266.000 IRR bn for 2017. Iran GDP: Basic Prices: Non Oil: Industries & Mining: Electricity, Gas & Water Supply data is updated yearly, averaging 342.506 IRR bn from Mar 1960 (Median) to 2018, with 59 observations. The data reached an all-time high of 641,743.100 IRR bn in 2018 and a record low of 0.885 IRR bn in 1960. Iran GDP: Basic Prices: Non Oil: Industries & Mining: Electricity, Gas & Water Supply data remains active status in CEIC and is reported by Central Bank of the Islamic Republic of Iran. The data is categorized under Global Database’s Iran – Table IR.A012: GDP: Basic Price: by Industry: Current Price: Annual.

Iran IR: Pump Price for Diesel Fuel: USD per Liter data was reported at 0.216 USD in 2016. This records an increase from the previous number of 0.187 USD for 2014. Iran IR: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 0.025 USD from Dec 1998 (Median) to 2016, with 10 observations. The data reached an all-time high of 0.216 USD in 2016 and a record low of 0.010 USD in 1998. Iran IR: Pump Price for Diesel Fuel: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iran – Table IR.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

In 2024, the Iranian liquefied petroleum gas (LPG) market decreased by -16.4% to $954M, falling for the third consecutive year after six years of growth. Over the period under review, consumption saw a perceptible descent. Over the period under review, the market attained the peak level at $1.6B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

Diesel fuel prices of Iran rocketed by 15.51% from 0.19 US dollars per liter in 2014 to 0.22 US dollars per liter in 2016. Since the 46.67% slump in 2010, diesel fuel prices shot up by 1,250.00% in 2016. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.

In 2023, approx. 14 cubic meters of wood fuel were exported from Iran; dropping by -17.6% against 2022.

The 2025 preliminary average annual price of West Texas Intermediate crude oil reached 73.64 U.S. dollars per barrel, as of February. This would be lower than the 2024 average, which stood at 73.64 U.S. dollars per barrel. WTI and other benchmarks WTI is a grade of crude oil also known as “Texas light sweet.” It is measured to have an API gravity of around 39.6 and specific gravity of about 0.83, which is considered “light” relative to other crude oils. This oil also contains roughly 0.24 percent sulfur, and is therefore named “sweet.” Crude oils are some of the most closely observed commodity prices in the world. WTI is the underlying commodity of the Chicago Mercantile Exchange’s oil futures contracts. The price of other crude oils, such as UK Brent crude oil, the OPEC crude oil basket, and Dubai Fateh oil, can be compared to that of WTI crude oil. Since 1976, the price of WTI crude oil has increased notably, rising from just 12.23 U.S. dollars per barrel in 1976 to a peak of 99.06 dollars per barrel in 2008. Geopolitical conflicts and their impact on oil prices The price of oil is controlled in part by limiting oil production. Prior to 1971, the Texas Railroad Commission controlled the price of oil by setting limits on production of U.S. oil. In 1971, the Texas Railroad Commission ceased limiting production, but OPEC, the Organization of Petroleum Exporting Countries with member states Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela among others, continued to do so. In 1972, due to geopolitical conflict, OPEC set an oil embargo and cut oil production, causing prices to quadruple by 1974. Oil prices rose again in 1979 and 1980 due to the Iranian revolution, and doubled between 1978 and 1981 as the Iran-Iraq War prevented oil production. A number of geopolitical conflicts and periods of increased production and consumption have influenced the price of oil since then.

On March 24, 2025, the price of ultra-low sulfur unleaded petrol (gasoline) in the United Kingdom averaged 135.61 pence per liter. This compared to 143.07 pence per liter for diesel. Diesel prices were consistently higher than petrol/gasoline prices throughout this period, although the margin varied. Reasons for such differences in pricing lie in the refining process and molecular makeup of the products, with diesel requiring more complex refining processes and being an overall heavier liquid. As motor fuel pricing in the UK is not regulated by a monitoring body, there may also be notable differences in prices between retailers and regions. Supermarkets provide lowest fuel prices in the UK In the UK, much of the motor fuel is sold through supermarkets. Large supermarkets, or hypermarkets, account for more than 40 percent of all motor fuel sales in the country. The reason for their popularity often lies in the fact that they offer lower average prices. In the last four years, regular petrol/gasoline sold at supermarkets was up to six pence per liter cheaper than the national average. How UK fuel prices compare to the rest of the world Tied as they are to crude oil prices, motor fuels are generally cheapest in major producing countries, such as Iran, Venezuela, and Russia. In Europe, costs of importing the raw or finished products, in addition to taxes and levies, may hike up pump prices significantly. The UK is often among the countries with the highest petrol/gasoline prices, alongside other large European car markets such as France and Germany.

In 2023, gas supply meter exports from Iran surged to 17K units, with an increase of 31% against 2022 figures.

In 2023, after three years of growth, there was significant decline in supplies from abroad of gas and smoke analysers, when their volume decreased by -39.1% to 389K units.

Hong Kong has some of the highest diesel prices in the world. As of February 10, 2025, drivers in Hong Kong paid an average of 3.31 U.S. dollars per liter of automotive diesel. This was more than three times the amount paid by drivers in Mainland China. Lower prices are often linked to substantial domestic crude oil production and government subsidies, as is the case in countries such as Venezuela, Iran, and the United States.

Iran GDP: Industry: Oil & Natural Gas Extraction data was reported at 12,578,954.406 IRR bn in Dec 2024. This records a decrease from the previous number of 12,709,937.762 IRR bn for Sep 2024. Iran GDP: Industry: Oil & Natural Gas Extraction data is updated quarterly, averaging 869,085.933 IRR bn from Jun 2011 (Median) to Dec 2024, with 55 observations. The data reached an all-time high of 13,130,337.888 IRR bn in Jun 2024 and a record low of 263,056.444 IRR bn in Mar 2016. Iran GDP: Industry: Oil & Natural Gas Extraction data remains active status in CEIC and is reported by Statistical Center of Iran. The data is categorized under Global Database’s Iran – Table IR.A017: SNA 2008: GDP: Basic Price: by Industry: Current Price.

After three years of growth, overseas purchases of oil or petrol-filters for internal combustion engines decreased by -52.5% to 1.2M units in 2023.

Iran Consumer Price Index (CPI): Urban: WE: Electricity, Gas and Other Fuels data was reported at 487.800 Apr2004-Mar2005=100 in Dec 2012. This records an increase from the previous number of 486.800 Apr2004-Mar2005=100 for Nov 2012. Iran Consumer Price Index (CPI): Urban: WE: Electricity, Gas and Other Fuels data is updated monthly, averaging 126.500 Apr2004-Mar2005=100 from Apr 2007 (Median) to Dec 2012, with 69 observations. The data reached an all-time high of 487.800 Apr2004-Mar2005=100 in Dec 2012 and a record low of 106.600 Apr2004-Mar2005=100 in Apr 2007. Iran Consumer Price Index (CPI): Urban: WE: Electricity, Gas and Other Fuels data remains active status in CEIC and is reported by Central Bank of the Islamic Republic of Iran. The data is categorized under Global Database’s Iran – Table IR.I005: Consumer Price Index: April 04-March 05=100: Urban.

The Iranian gas supply meter market was finally on the rise to reach $224M in 2024, after three years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $331M. From 2019 to 2024, the growth of the market remained at a lower figure.

Iran Consumer Price Index (CPI): Urban: Special Groups: Housing, Water, Fuel and Power data was reported at 476.500 Apr1997-Mar1998=100 in Mar 2007. This records an increase from the previous number of 475.600 Apr1997-Mar1998=100 for Feb 2007. Iran Consumer Price Index (CPI): Urban: Special Groups: Housing, Water, Fuel and Power data is updated monthly, averaging 349.300 Apr1997-Mar1998=100 from Jul 2002 (Median) to Mar 2007, with 55 observations. The data reached an all-time high of 476.500 Apr1997-Mar1998=100 in Mar 2007 and a record low of 228.300 Apr1997-Mar1998=100 in Jul 2002. Iran Consumer Price Index (CPI): Urban: Special Groups: Housing, Water, Fuel and Power data remains active status in CEIC and is reported by Central Bank of the Islamic Republic of Iran. The data is categorized under Global Database’s Iran – Table IR.I007: Consumer Price Index: April 97-March 98=100: Urban.

In 2023, after two years of decline, there was significant growth in purchases abroad of non-electronic instruments for measuring or checking variables of liquids or gases, when their volume increased by 164% to 177K units.