Iran Energy Exchange manages imported super gasoline supplies

The Iran Energy Exchange is facilitating the intermittent supply of imported super gasoline, though details regarding the origin and transit routes of these shipments remain undisclosed. Mohammad Nazifi, CEO of the Iran Energy Exchange, clarified that the fuel is not produced by domestic refineries and its pricing is not directly linked to the feedstock costs of local refineries.

Nazifi noted that while a previous transaction in autumn 1403 was recorded at approximately 90,000 tomans per liter, this does not serve as the current market benchmark. Recent consumer prices for super gasoline have been reported above 120,000 tomans. The CEO emphasized that the exchange cannot reveal the specific sources or transport paths for these shipments.

Beyond fuel supplies, Nazifi discussed the potential for government financing through oil-backed securities. He highlighted that using oil as a base asset for issuing certificates, such as crude oil and gas condensate deposit certificates, offers a way for the government to raise funds without increasing pressure on the banking sector. This mechanism allows investors to hedge against fluctuations in exchange rates and energy prices.