Gasoline Prices in Iran remained unchanged at 0.36 USD/Liter in May. This dataset provides - Iran Gasoline Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The 2025 annual OPEC oil price stood at ***** U.S. dollars per barrel, as of May. This would be lower than the 2024 average, which amounted to ***** 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 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

The Iranian oil and gas exploration and production industry, while facing geopolitical complexities, presents a significant market opportunity. The sector, valued at approximately $XX million in 2025 (assuming a logical estimation based on the provided CAGR and market trends for a similar market of similar size), is projected to experience a Compound Annual Growth Rate (CAGR) exceeding 2.00% from 2025 to 2033. This growth is driven by increasing domestic energy demand fueled by Iran's expanding population and industrialization. Furthermore, strategic investments in infrastructure modernization and technological advancements in extraction techniques are contributing to enhanced production efficiency and exploration capabilities. The industry is segmented by product type (oil and natural gas) and application (power generation, industrial, and residential sectors), reflecting a diversified market structure. Key players like MAPNA Group, National Iranian Oil Company, and Petropars Ltd. are actively shaping the industry landscape, although international sanctions and fluctuating global oil prices pose significant challenges and restraints. Government policies focused on energy security and self-sufficiency are also influencing the market dynamics. The forecast period of 2025-2033 suggests continued growth, although the pace might be affected by various factors including international sanctions, global energy market volatility, and the level of domestic investment. While the provided data lacks specific values for the market size, the projected CAGR and the prominent role of major players strongly indicate a considerable market potential. The success of the industry will depend heavily on its ability to navigate geopolitical risks and implement sustainable practices for long-term growth. Further diversification into renewable energy sources, while still a minor segment currently, could also play a significant role in shaping future growth trajectories. The inherent risks and potential rewards, therefore, necessitate a thorough and ongoing assessment of the market landscape. Recent developments include: In September 2022, Iran offered ONGC Videsh Ltd a 30% interest in the development of the Farzad-B gas field in the Persian Gulf., In July 2022, Russian oil and gas major Gazprom signed a USD 40 billion with the National Oil Company for the development of oil and gas projects in Iran.. Key drivers for this market are: 4., Abundant Oil and Gas Reserves4.; Favorable Investment in Upstream Sector. Potential restraints include: 4., Volatility of Crude Oil Prices. Notable trends are: New Discoveries and Upcoming Projects are Expected to Drive the Market.

The 2025 preliminary average annual price of West Texas Intermediate crude oil reached 69.76 U.S. dollars per barrel, as of April. This would be seven U.S. dollars below the 2024 average and the lowest annual average since 2021. 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.

Crude Oil fell to 65.98 USD/Bbl on June 24, 2025, down 3.70% from the previous day. Over the past month, Crude Oil's price has risen 8.36%, but it is still 18.37% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on June of 2025.

Iran GDP: Basic Price: Oil & Gas data was reported at 2,917,792.000 IRR bn in Mar 2024. This records a decrease from the previous number of 3,002,459.000 IRR bn for Dec 2023. Iran GDP: Basic Price: Oil & Gas data is updated quarterly, averaging 135,848.903 IRR bn from Jun 1988 (Median) to Mar 2024, with 144 observations. The data reached an all-time high of 3,264,928.597 IRR bn in Jun 2022 and a record low of 210.860 IRR bn in Sep 1988. Iran GDP: Basic Price: Oil & Gas 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.A021: SNA 1993: GDP: Basic Price: by Industry: Current Price.

Iran GDP: Basic Prices: Oil & Gas data was reported at 2,003,814.000 IRR bn in 2018. This records an increase from the previous number of 1,564,127.000 IRR bn for 2017. Iran GDP: Basic Prices: Oil & Gas data is updated yearly, averaging 2,056.864 IRR bn from Mar 1960 (Median) to 2018, with 59 observations. The data reached an all-time high of 2,003,814.000 IRR bn in 2018 and a record low of 34.029 IRR bn in 1960. Iran GDP: Basic Prices: Oil & Gas 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.

The size of the Iran Oil and Gas Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.40">> 3.40% during the forecast period. The oil and gas industry is a pillar in the economy of this country, providing the most significant part of revenue for the government as well as export earnings. Iran boasts the largest proven crude oil and natural gas reserves worldwide, thus putting the country in a good position to become an important player in global energy markets. The sectors of the industry are upstream, midstream, and downstream. The upstream consists of exploration and production, while midstream involves transportation and storage. But there are numerous challenges in this sector: old facilities, inefficiencies, and sanctions on international frontiers that restricted foreign investment as well as technology transfers. Iran takes a way through these issues by looking to breathe some life into its oil and gas sector. The administration aims to raise production capacities while refining technology toward both domestic consumption and export demands. The country is also involved in strategic partnerships with neighboring states and selected international firms that can enhance its oil and gas capabilities. The upward trend in global energy demand, especially in Asia, opens up the opportunity for Iran's reentry into the market. While such external influences are affecting the Iranian oil and gas sector, it has considerable assets and opportunities that may possibly aid growth and reintegrate this country into the world energy scenario. Recent developments include: In January 2022, the Lavan Refinery, in the south of Iran, announced the construction of a 150,000-barrel petro-refinery next to the Lavan Refinery and its efforts to increase the refinery's production by one million liters per day., In November 2021, Iran planned to invest USD 11 billion to raise gas production capacity by 240 million cubic meters/day in its offshore fields. Out of the total investment, USD 4 billion would be spent to develop the North Pars field, while others would be used to develop the offshore Kish gas field, Phase 11 of the South Pars field, and the onshore fields of the Iranian Central Oil Fields Company.. Key drivers for this market are: 4., Abundant Oil and Gas Reserves4.; Favorable Investment in Upstream Sector. Potential restraints include: 4., Volatility of Crude Oil Prices. Notable trends are: Upstream Segment to Dominate the Market.

Iran Oil and Gas Market size was valued at USD 80 Billion in 2024 and is projected to reach USD 125 Billion by 2031, growing at a CAGR of 6.5% from 2024 to 2031.Iran's oil and gas market is poised for growth, driven by increasing natural gas pipeline capacity and rising demand for petroleum products. The expansion of oil and gas projects has significantly boosted production capacity, with the upstream segment expected to maintain its lead. Additionally, significant gas hydrate discoveries in the Persian Gulf present opportunities for enhanced natural gas production.Investments in the upstream and midstream oil and gas sectors are expected to drive market growth. However, the high volatility of crude oil prices poses a challenge to the market's stability.

The Iranian oil and gas downstream market, encompassing refineries and petrochemical plants, presents a dynamic landscape characterized by a Compound Annual Growth Rate (CAGR) exceeding 2.07% from 2019 to 2033. This growth is fueled by increasing domestic energy demand, strategic government investments in infrastructure upgrades and new projects, and a gradual expansion of petrochemical production to capitalize on Iran's substantial hydrocarbon reserves. Key players like the National Iranian Gas Company, Pars Oil Company, Iranol Oil Company, and the National Petrochemical Company are driving this expansion, focusing on modernizing existing refineries to enhance efficiency and output, and concurrently developing new petrochemical facilities. While sanctions and geopolitical uncertainties present challenges, the inherent potential of Iran's resources and the government's commitment to energy independence are key drivers pushing the market forward. The existing infrastructure, though aging in some sectors, forms a robust foundation for expansion, and the pipeline of projects signals a concerted effort to upgrade and expand capacity to meet future demand and potentially increase exports in a more favorable global climate. The segmentation into refineries and petrochemical plants allows for targeted investment and development strategies, fostering a diversified downstream sector. The market's growth trajectory is projected to be uneven, influenced by global oil prices, international relations, and domestic economic policies. While a consistent CAGR above 2.07% indicates positive growth, the actual yearly figures will likely fluctuate based on these external and internal factors. Further analysis is required to fully understand the nuanced impact of these factors on the market's performance across different segments. The strategic focus on both refinery upgrades and the development of new petrochemical plants suggests a long-term vision for a robust and diversified downstream sector, contributing significantly to Iran's economy. This strategic approach, combined with the nation's substantial hydrocarbon reserves, positions Iran for significant growth in the oil and gas downstream market, provided it can navigate geopolitical and economic challenges effectively. Notable trends are: Oil Refining to Witness Growth.

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.

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.

Get the latest insights on price movement and trend analysis of Fuel Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Explore the implications of rising oil prices on the global economy after Israeli airstrikes on Iran, affecting inflation, monetary policies, and financial markets.

This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The size of the Iran Oil and Gas Downstream Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 2.07">> 2.07% during the forecast period. The downstream oil and gas industry in Iran represents refining, distribution, and marketing of petroleum products. Although Iran hosts some of the largest reserves of crude oil and natural gas worldwide, the industry has faced huge challenges, including deterioration in infrastructure, economic sanctions, and lack of modernization. The amount of refining capacity is quite impressive with several major refineries that produce various products, including gasoline, through to petrochemicals. However, inefficiencies and outdated technology still limit the best production and environmental capability. Despite all these shortcomings, the government is more than keen to enhance its refining capacity within the country and reduce dependence on imported refined products. To this end, FDI attraction and technology transfer would be very crucial as international sanctions do not allow access to sophisticated facilities. The expansion and investment will also benefit from growing domestic demand for energy and petrochemicals. Iran has been competing to improve its petrochemical industry over the past years, exploiting natural gas reserves. The country aims to be a leader in the world market for petrochemicals. To conclude, despite the drawbacks, there are significant growth potentialities in the oil and gas downstream market of Iran, which are spurred both by internal needs and strategic efforts for the modernization of the country and investment. Key drivers for this market are: Abundant Oil and Gas Reserves4., Favorable Investment in Upstream Sector. Potential restraints include: Volatility of Crude Oil Prices. Notable trends are: Oil Refining to Witness Growth.

Key information about Iran Crude Oil: Exports

• Iran Crude Oil: Exports was reported at 1,322.634 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 900.632 Barrel/Day th for Dec 2022
• Iran Crude Oil: Exports data is updated yearly, averaging 2,122.500 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 2,684.100 Barrel/Day th in 2004 and a record low of 404.489 Barrel/Day th in 2020
• Iran Crude Oil: Exports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Exports

Hong Kong has some of the highest diesel prices in the world. As of May 12, 2025, drivers in Hong Kong paid an average of 3.34 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.

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.

Oil Exports in Iran increased to 55410 USD Million in 2022 from 38723 USD Million in 2021. This dataset provides - Iran Oil Exports- actual values, historical data, forecast, chart, statistics, economic calendar and news.