Baku, Azerbaijan, May 6
By Fatih Karimov - Trend:
Iran has decreased compressed natural gas (CNG) price for domestic use.
Mansour Riahi, the manager of Constructing CNG Stations in National Iranian Oil Products Distribution Company said that the CNG price has decreased from 6,520 rials (about 25 cents) per kilogram to 6,000 rials (about 23 cents) in line with protecting consumers' rights, Iran's Shana news agency reported on May 6.
Each cubic meter of CNG is sold at 4,500 rials, some 17 cents, to CNG stations.
In October 2013, Iranian Oil Minister Bijan Namdar Zanganeh underlined the necessity of developing the CNG industry, saying replacing each litre of gasoline with one cubic meter of CNG equals a benefit of 55 percent.
Meanwhile, National Iranian Oil Products Distribution Company official Shahram Asadpour has said Iran plans to establish 314 new CNG stations across the country in order to boost the CNG share in the country's fuel basket by two per cent to reach 25 per cent.
Iran has only 16 CNG stations now and the production level of this fuel is 17.74 mcmpd.