Demand for gasoline in Iran is expected to reach record levels as a report warns that the country may be forced to resume imports more than a decade after it reached self-sufficiency in production of the fuel.
The Government Trading Corporation (GTC) of Iran said wheat imports into the country would reach record levels in the Iranian year to March amid a sharp fall in domestic crop which has been caused by drought as well as by price issues.
The Islamic Republic of Iran Customs Administration (IRICA) figures showed that rice imports into the country rose by nearly a third in terms of volume in the six months to September 22, amid attempts by the government to control rising prices of the domestically grown rice.
Iranian President Ebrahim Raeisi ordered ministries of trade and finance to introduce an outright ban on home appliances imports into the country after the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei warned that such shipments could paralyze local manufacturers.
Iran’s imports of mobile phones rose by 85% in value terms the five months to August 22 compared to the similar period last year as shipments accounted for nearly 10% of the country’s total imports over the period.