Non-execution of 2nd phase of subsidy cut to increase Iran's gasoline consumption by 8 per cent

Oil&Gas Materials 16 March 2013 16:28 (UTC +04:00)

Azerbaijan, Baku, Mar.16/ Trend F.Milad‎‏

Non-execution of the second phase of the subsidy reform plan would increase Iran's gasoline consumption to 70 million liters per day, which is 8 per cent more than the current figure, the managing director of the National Iranian Oil Products Distribution Company said on Saturday.

Implementing the second phase of the reform plan would also prevent the increase in the country's gasoline consumption by 7 million liters per day, the IRNA News Agency quoted Mostafa Kashkouli as saying.

Deputy Iranian Oil Minister Alireza Zeyqami also said that the country will stop producing gasoline in petrochemical complexes by the end of the Iranian month of Khordad (June 21).

Once the gasoline production units of Lavan, Abadan, and Tabriz refineries come on stream, the country's gasoline production capacity would surpass Iran's consumption rate so we can stop production of gasoline in petrochemical complexes, the ISNA News Agency quoted him as saying.

Zeyqami put the country's gasoline consumption at 63.5 million liters per day, noting that Iran's production capacity currently stands at 61 million tons per day.

Currently 22 million litters of gasoline conforming to euro 4 and euro 5 standards is being produced in the country, he said.

Zeqami expressed hope that Tehran's total gasoline production capacity would reach 70 million liters per day by the end of the next Iranian calendar year (March 20, 2014).