Reducing the production of motor oil to raise prices/markets in the grip of fake goods
According to Tejarat News, the support organization agreed to a 25% increase in the price of motor oil, while most of the shares of the manufacturing companies engine oil It belongs to the government and governing institutions. Meanwhile, it was expected that the government would not issue permission to increase the price of this product for the time being to control the market.
Even not long ago, IRNA compared to the price increase engine oil He reacted. This site wrote: Almost all the motor oil produced in the country is produced in Iranol, Behran, Pars Naft and Sepahan Naft companies. All these companies have high profitability status. For this reason, the problem of making a loss without increasing the price is practically ruled out.
In another part of this report, it is stated: Considering that the issuance of the support organization’s license to increase the price is usually dependent on the examination of the financial situation of the producers and with the aim of maintaining the production process and not losing the production units, the profit figures of the companies in the Kodal system, the organization’s license It questions support for price increases.
The Islamic Republic News Agency continued: Another point about the companies producing this product is that most of their shares belong to the government or governing institutions. Considering the government and sovereign ownership of these companies, issuing permission to increase prices for these companies is not defensible even in the middle of the government’s efforts to control inflation and restore stability to the markets.
This report shows that even the media, which in any way try to soften the atmosphere of the markets and normalize the inflation and price increase in the new government, are protesting against the increase in the price of motor oil.
Abuse of engine oil production reduction
A former member of the Tehran Automobile Repairers Union said in a conversation with Tejarat News: Production reduction engine oilled to an increase in the price of this product.
Saying that if this product was abundant in the market, it would not have led to an increase in the price, Reza Ayinnik said: “Unfortunately, the government itself raised the price of this product.”
In a part of his speech, he mentioned the presence of dealers and profiteers and explained: The decrease in the production of this product led to the fact that a series of profiteers started stockpiling their motor oil. This had an effect on the price of this product.
He added: “Unfortunately, because people are forced to buy such goods, they buy them at any price.” This created an opportunity for profiteers.
The government should set the price
Ayennik emphasized: More engine oil Available in the market is produced domestically. The government should enter and set prices in this field to stop profiteering. The price and brand of motor oil available in the market are diverse. But this product recently had an average price increase of 20 to 30 percent.
He informed about the existence of fake and non-standard engine oil in the market and stressed: the judiciary should intervene more seriously in this field.
According to this report, as the producers say, the increase in the price of this product has an internal origin. They say: Since last year, we were faced with an increase in the price of most items in the country, which was the result of the increase in the inflation rate. But in the meantime, there was no price increase for motor oil in the country.
Meanwhile, four large refineries in the country produce 70 to 75 percent of lubricants and other types of products engine oil They produce in Iran and also export part of their products. A limited part of raw materials is supplied by refineries from abroad. Therefore, the change in the exchange rate did not affect the increase in their production costs.
To read more, how much did engine oil become more expensive? Read in Tejaratnews.