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Petroleum products consumption declines in Iran

Business Materials 14 April 2011 17:48 (UTC +04:00)

Azerbaijan , Baku, April 14 / Trend, A.Yusifzade /

Iran's annual four oil products overall consumption including gasoline, kerosene, gas oil and fuel oil reduced by 2.2 percent from 79.466 billion liters to 77.708 billion liters over the last Iranian calendar year (ended March 20,2011), compared to the previous year (ended march 20,2010), ISNA reported.

According to the report, Iran's daily gasoline consumption has reduced by 5.9 percent, from 64.4 million liters to 60.8 million liters in average, during this period.

Iran 's daily kerosene consumption has decreased by 23.7 percent, from 16.7 million liters to 13.5 million liters, over the mentioned above period.

Overall kerosene consumption in Iran during the last Iranian calendar year stood at 4.927 billion liters.

The report said Iran's fuel oil consumption also decreased by 3.1 percent from 16.863 million liters to 16.352 million liters per day.

The country's gas oil consumption increased by 2.7 percent from 33.32 billion liters to 34.237 billion liters.

The average Iran's gas oil consumption stood at 93.8 million liters a day over the last Iranian year.

Earlier NIORDC Managing Director Farid Ameri said that Iran has saved $1.8 billion in fuel consumption since December 19, 2010 when the Iranian government lifted energy subsidies.

The subsidy reform plan allows the Iranian government to gradually slash subsidies on fuel, electricity, and other certain consumer goods over the course of five years while the low-income families get compensated with direct cash handouts.

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