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

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.

Crude Oil Production in Iran increased to 3308 BBL/D/1K in February from 3273 BBL/D/1K in January of 2025. This dataset provides the latest reported value for - Iran Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

China Import Price: Crude Oil: Asia: Iran data was reported at 852.046 USD/Ton in Jun 2022. This records an increase from the previous number of 780.261 USD/Ton for May 2022. China Import Price: Crude Oil: Asia: Iran data is updated monthly, averaging 538.316 USD/Ton from Jan 2008 (Median) to Jun 2022, with 158 observations. The data reached an all-time high of 976.569 USD/Ton in Aug 2008 and a record low of 165.024 USD/Ton in May 2020. China Import Price: Crude Oil: Asia: Iran data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

Graph and download economic data for Non-Oil Real GDP Growth in Constant Prices for Iran, Islamic Republic of (IRNNGDPXORPCHPT) from 2000 to 2025 about non-oil, Iran, REO, real, GDP, and rate.

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.

0.40 (US dollars per liter) in 2016. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.

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.

In 2023, shipments abroad of crude petroleum oil decreased by -28.8% to 32M tons for the first time since 2019, thus ending a three-year rising trend.

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.

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;

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.

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.

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.

Key information about Iran Natural Gas: Exports

• Iran Natural Gas: Exports was reported at 12,927.000 Cub m mn in Dec 2023
• This records a decrease from the previous number of 18,793.981 Cub m mn for Dec 2022
• Iran Natural Gas: Exports data is updated yearly, averaging 1,182.000 Cub m mn from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 18,793.981 Cub m mn in 2022 and a record low of 0.000 Cub m mn in 2000
• Iran Natural Gas: 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.NG: Natural Gas Exports

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.

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.

After two years of decline, the Iranian crude maize oil market increased by 16% to $1.8M in 2024. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $13M in 2017; however, from 2018 to 2024, consumption failed to regain momentum.

Iran IR: Oil Rents: % of GDP data was reported at 13.571 % in 2016. This records an increase from the previous number of 10.533 % for 2015. Iran IR: Oil Rents: % of GDP data is updated yearly, averaging 18.011 % from Dec 1970 (Median) to 2016, with 45 observations. The data reached an all-time high of 31.858 % in 1979 and a record low of 0.070 % in 1971. Iran IR: Oil Rents: % of GDP 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: Land Use, Protected Areas and National Wealth. Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted Average;