SHANA - Iranian Minister of Petroleum Bijan Zangeneh said there were no plans for rationing petrol in the country.

The remarks came as there are rumors about rationing petrol in a bid to tackle smuggling of the strategic item to neighboring countries where the price of petrol is several times highest than that in Iran.

Speaking to reporters following a cabinet meeting on Wednesday, the official said the price of oil in the world market was a function of supply and demand, adding, however, �interference of certain countries are aimed at glutting the market and harming Iran which should not be overlooked.�

The official also refused to comment on US� oil sanctions on Tehran, saying, �I do not comment on oil sanctions because the US would misuse it.�