The stock exchange organization’s reaction to the rumors of an increase in the price of feed gas and fuel – Tejaratnews
According to Tejarat News, the new notice of the Securities and Exchange Organization about the price of feed gas and fuel this year was published.
In a letter addressed to the companies, the Director of Supervision of Publishers of the Stock Exchange Organization demanded clarification regarding the news and rumors published in the field of feed gas and fuel rates for 1402.
Waliullah Jafari announced in a letter addressed to the eligible companies: In view of the news and rumors published in the media regarding the price of feed gas and fuel in 1402, please implement the provisions of the directive on the disclosure of information of companies registered with the organization, in case of any Any change in the price of feed gas or fuel that has significant financial effects on the company’s performance results should be disclosed as soon as possible along with the relevant financial effects.
What is the story of the increase in gas and fuel rates?
Contradictory news reports about the increase of gas feed rate to 7 thousand tomans and gas fuel price to 4 thousand tomans.
According to the reports published in some sources, the assumption of the calculation of targeted resources in the 1402 budget bill is that the price of petrochemical feed gas, according to the formula of the Ministry of Petroleum, will always remain at its riyal ceiling of 7 thousand tomans throughout the year 1402.
However, taking into account the rate of 28,500 tomans announced by the Central Bank and the price of gas based on 15 cents, the price of petrochemical gas is estimated to be around 4,200 tomans.
On the other hand, according to the calculations of the Majlis Research Center, every thousand tomans decrease in the price of petrochemical feed gas compared to 7 thousand tomans, leads to a decrease of 37 thousand billion tomans in targeted resources. Probably one of the reasons for the increase in feed rate is due to this issue.
Another point is that if the policy of stabilizing the exchange rate of 28,500 Tomans continues, targeted resources will be associated with the non-realization of about 148,000 billion Tomans. Therefore, the government should either accept the feed rate of 4,200 or increase the exchange rate to the exchange rate of the exchange center in order to reduce the budget deficit, and even in this case, the feed rate will be 5,600 tomans.
Khandoozi’s response to the claim that the increase in industrial gas feed rates is related to the fall in stock market value
The economic spokesperson of the government denied the rumors about the approval of the industrial gas cap increase in the meeting of the government board on May 17 and any connection with the fall of the stock market index at that time.
Seyed Ehsan Khandozi, the Minister of Economic Affairs and Finance and the economic spokesman of the government, rejected this claim and said: “This misappropriation was caused by the inaccuracy of the administrative area of the Government Secretariat, and although this issue was raised in the meeting of the Cabinet on May 17, it was not approved and It was referred to a working group and committee to review and announce the expert opinion.
He pointed out: “The aforementioned committee and working group announced the results of the investigations to the government board at the end of June, and in fact, the final time for the approval and notification of the said resolution was at the end of June, and in the meeting of the government board on May 17, no definite decision was made in this regard. It was not decided to refer the matter to a working group and committee.
Source: Irena