According to figures from the Turkish government, the cost of Iranian gasoline imports has exceeded above the market rate, Reuters has reported. The Islamic republic was forced to pay a premium of around 25% for its imports even before US-led sanctions took full effect, as the country turned to a dwindling number of suppliers, the data showed. Iran is the second-largest Opec crude oil producer, but relies on imports for up to 40% of its gasoline needs because it lacks refining capacity.
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