Iran's kerosene and fuel oil consumption declines
Azerbaijan, Baku, April 11 /Trend, A.Yusifzade /
The National Iranian Oil Products Distribution Company (NIOPDC) said overall kerosene consumption in Iran during the last Iranian calendar week (ended April 8, 2011) stood at 43.1 million liters, or down by 3.4 million liters compared to a week earlier, Shana reported.
Iran's fuel oil consumption also decreased by 3.2 million liters to 226.1 million liters during the above mentioned period.
The average of the country's daily fuel oil consumption stood at 32.3 million liters.
Iranian government plans to gradually cut energy subsidies over five years. It has promised to compensate low income families with direct cash handouts.
Supporters of the plan said it is in line with global financial organizations' recommendations that Iran will get rid of heavily subsidized economy if it wants to solve its economic problems. But, some analysts have criticized the plan, saying that it could trigger a hike in prices and stoke up inflation in the country.