Iranian gasoline consumption up 4.3 per cent

Azerbaijan, Baku, Feb.13/ Trend F.Milad

Iran's average gasoline consumption stood at 63.7 million litres per day in the week to February 8, the IRNA News Agency reported. The amount shows a 4.3 per cent increase compared to its preceding week.

Deputy Manager of National Iranian Oil Products Distribution Company (NIOPDC) Naser Sajjadi said in October, 2012 that Iran's average gasoline consumption stood at 64 million litres per day in the first seven months of the current Iranian calendar year which began on March 20.

The amount is 5.7 per cent more that the same period in the previous year, the IRNA News Agency reported.

Sajjadi had previously said that Iran's gasoline consumption increases by five per cent each year.

He also said that considering the official reference rate of 12,260 rials to the US dollar, the real price of gasoline in Iran is 10,000 rials (about 82 U.S. cents).

Currently gasoline is sold at two prices: a 60 litre monthly allowance at 4000 rials (33 cents) per litre and any amount above that at 7000 rials (57 cents) per litre.

Last year the International Monetary Fund commended the Iranian government for the subsidy reform policy which it said had led to a reduction in fuel consumption.

The Iranian Minister of Economy and Finance Affairs Shamseddin Hosseini said last month that the country is not going to increase the price of gasoline.

Some media had reported in the past month that the government plans to increase gasoline and diesel oil prices as part of the subsidy reform plan's phase two.

Hosseini referred to the aforementioned reports as baseless rumours, adding that if the government ever planned to increase the prices, it would be announced officially.

Iran has started selling gasoline conforming to Euro-4 standard in eight cities from the beginning of February.

The move is a part of Iran's efforts to reduce air pollution. Motor vehicles account for 70 per cent of air pollution in the Iranian capital city.

Tehran says all carmakers would be obliged to manufacture cars meeting Euro-4 and Euro-5 standards.

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