Azerbaijan, Baku, Sep.18/ Trend F.Milad/
Gasoline production will probably continue at Iran's petrochemical units if the production process is economically justified, the National Petrochemical Company's managing director stated.
"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 eight to10 million litres of gasoline as daily consumption hits 63 million litres, 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.
Since the subsidy reform plan must be implemented over a five-year period, 10,000 rials per litre is the best price for gasoline which is now sold at 7000 rials per litre.
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 litres per day, to hit 70 million litres per day, the National Iranian Oil Production and Distribution Company's managing director said in May.