Iran's deputy parliament speaker says petrol will not get more expensive, only quotas will be reallocated

Mehr News Agency reported on Tuesday 28 July 2026 that Nikzad, a deputy speaker of Iran's parliament, said that following coordination between the government and parliament, petrol "will definitely not become more expensive", adding that he considered it necessary to state this publicly.

He said that, according to explanations given by the head of the Planning and Budget Organisation, a petrol price increase is off the table, and that what will take place is a "reallocation of petrol quotas" rather than a change in the price. In the same remarks, the deputy speaker said parliament is also pursuing payment of the sums owed to wheat farmers.

Energy carrier prices are among the most influential variables for inflation expectations in Iran's economy. Any change in the petrol price feeds directly into transport costs, production costs and the household spending basket, which is why official statements on the subject matter to the market.