Daily gasoline consumption in Iran hits 70 million liters

Oil&Gas Materials 19 September 2012 16:03 (UTC +04:00)

Azerbaijan, Baku, Sep.19/ Trend F.Milad/

The average gasoline consumption in Iran amounted to 70 million liters during the first half of the sixth calendar month of Shahrivar (August 22-September5), the Moj news agency reported.

The highest consumption was registered on the August 24 with the figure of 77.1 million liters.

The daily diesel fuel consumption reached 94.3 million liters during the two-week period of time.

Gasoline production will continue at Iran's petrochemical units, if the production process is economically justified, the National Petrochemical Company's managing director said on Tuesday.

"If the production of gasoline and diesel fuel is more justified than the production of petrochemicals, it will be continued," Abdolhossein Bayat added, the ISNA news agency reported.

Iranian petrochemical units have restarted producing 8-10 million liters of gasoline as daily consumption hits 63 million liters, the Mehr news agency reported.

The delay in the implementation of the second stage of the subsidy reform plan is one of the main reasons for the consumption rise. The administration has no plan to implement the second stage of the subsidy reform plan at this point in time.
The first stage of the subsidy reform plan, which is mainly focused on cutting fuel subsidies, started in December 2010. And now the government is about to start the second stage.
A number of petrochemical projects will come on stream by the end of this year (March 20, 2013), which will boost the country's gasoline output by around 12 million liters per day, to hit 70 million liters per day, the National Iranian Oil Production and Distribution Company's managing director said in May.