Iran News ...


01/31/12

Iran's gasoline consumption cuts by 833m liters

Source: Tehran Times

Gasoline consumption in Iran stood at around 18.2 billion liters in the first ten months of the current calendar year, started on March 21, 2011, showing 833 million liters decline compared to the figure for the same period last year, Shana news agency reported.

The average daily consumption of gasoline was nearly 57.8 million liters during the 10-month period, down 2.6 million liters thanks to the implementation of the Subsidy Reform Plan.

The plan, launched in December 2010, allows the Iranian government to gradually slash subsidies on fuel, electricity, and certain goods over the course of five years, with low-income families being compensated with direct cash handouts

Iran's gasoline consumption is falling rapidly thanks to higher prices and compressed natural gas (CNG) use, according to the Iranian oil ministry, helping soften the blow of Western sanctions that ban fuel sales to the Islamic Republic, Reuters reported.

Western governments have blocked gasoline supplies to Iran over the last few years to pressure Tehran over its disputed nuclear program.

But Iran has succeeded in significantly reducing its reliance on gasoline by tapping the world's second largest natural gas reserves to make CNG and slashing subsidies to discourage gasoline use.


National Iranian Oil Products Distribution Company

Meanwhile, Managing Director of the National Iranian Oil Refining and Distribution Company Alireza Zeighami has said Iran's gasoline production will rise next year by 18 million liters, or about 118,000 barrels, per day.

The increase in output is expected after completing development projects at seven refineries, Zeighami said.

Iran's current gasoline output is about 60 million liters a day, while domestic consumption is some 59 million liters.

... Payvand News - 01/31/12 ... --



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