A year after ending subsidies Iran uses 2 percent less petrol

Oil&Gas Materials 2 January 2012 18:32 (UTC +04:00)

Azerbaijan, Baku, Jan. 2 /Trend/

As Iran enters the second year of its targeted subsidies program, petrol consumption dropped 2 percent in late November/December (Iranian month of Azar) over the same period last year, the Iranian Students' News Agency reported.

Meanwhile, diesel consumption has grown 12.5 percent from last year and totaled 3.342 billion liters in late November/December.

Kerosene use was 15.5 percent higher than the same time last year. This is attributed to an exceptionally cold fall.

Last year, President Mahmoud Ahmadinejad's government ended petrol subsidies to drive down petrol consumption and save the country money it spent on fuel imports. Iran began to ration petrol two years ago.

The Iranian government pays each citizen $45 a month as a compensation for a part of its commodities and energy subsides which were cut in December 2010.