Fuel smuggling wastes $8 billion of the country’s resources annually

According to Energy Press, citing the National Iranian Oil Refining and Distribution Company, Seyyed Mohammad Mehdi Seyyed stated on Sunday (June 1) on the Khabar Network’s “Economics Table” program: “Many factors contribute to fuel smuggling, the most important of which are the significant price difference with neighboring countries and the lack of supervision over the performance of various consumption sectors, including transportation, power plants, agriculture, and industry.” Stating that $6 to $8 billion of the country’s resources are wasted annually due to smuggling, he added: “As long as the allocation layer is faced with formal transport documents, we face challenges in allocating fuel subsidies to real consumers.”