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Gasoline consumption in Iran declining

Iran Materials 24 September 2012 13:51 (UTC +04:00)

Azerbaijan, Baku, Sep.24/ Trend F.Milad/

The average gasoline consumption in Iran fell by 1.8 per cent during the last week of the sixth calendar month of Shahrivar (September 15-21) compared the previous week and stood at 68.4 million litres per day, the Shana news agency reported.

Total consumption during the aforementioned period amounted to 479.3 million litres. The highest consumption was registered on September 15 at 73.9 million litres.

Meanwhile, the daily diesel fuel consumption reached 96.4 million litres during the seven day period, showing 4.4 per cent rise compared to the preceding week.

Iranian petrochemical units have restarted producing eight to10 million litres of gasoline as daily consumption hits 63 million litres.

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 plans to implement the second stage of the subsidy reform plan at this time.

The first stage of the subsidy reform plan which is mainly focused on cutting fuel subsidies began in December 2010. 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.

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