Iran’s fuel consumption down 27 %

Iran’s fuel consumption down 27 %

30-07-07 Iran’s daily gasoline consumption has dropped by about 20 mm litres since the No. 2 OPEC oil producer started to ration motor fuel in June, Oil Minister Kazem Vaziri-Hamaneh was quoted as saying. He did not specify how much fuel Iranian drivers were now using but officials had said Iran consumed 75 mm litres a day, 40 % of which was imported, before rationing was introduced on June 27.
“During this time 20 mm litres of gasoline were saved per day on average,” Vaziri-Hamaneh was quoted as saying.

The move in June to start rationing gasoline sparked protests by motorists used to cheap, abundant fuel. It aimed to curb consumption in the Organization of the Petroleum Exporting Countries member, which does not have enough refining capacity to meet domestic gasoline needs.
Some Iranian officials had worried costly fuel imports were making the country increasingly vulnerable when world powers are considering ratcheting up United Nations sanctions against Iran over its atomic plans.

Iranian oil official Hojatollah Ghanimifard said on July 17 his country would cut its gasoline imports by at least 14 % from August.
Private drivers receive 100 litres of fuel a month at the heavily subsidised price of 1,000 rials (11 US cents). Many complain it is not enough and have urged the government to offer more, even if they have to pay a higher price. But the government fears this would send inflation, now running at about 16 % year-on-year, even higher.

Source: http://www.arabianbusiness.com

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