Advertisements

Iran’s Gasoline Usage Rises by 7.4%

by Krystal

TEHRAN — The head of the National Iranian Oil Products Distribution Company (NIOPDC) has revealed that Iran’s daily gasoline consumption has increased by 7.4% this year, compared to the previous one, reaching 124 million liters per day.

Keramat Veis Karami told Tasnim News Agency that last year, the daily gasoline consumption was 115.4 million liters, but it has now risen to 124 million liters.

Advertisements

He also reported a 9% increase in diesel consumption, noting that daily diesel usage last year was 110 million liters, which has grown by 9% this year.

Advertisements

The rise in gasoline consumption in Iran can be attributed to a combination of economic and demographic factors, including a growing number of vehicles and more frequent travel.

Advertisements

Although Iran is a major oil producer, the increase in domestic demand for refined products like gasoline has placed a strain on the country’s refining capabilities.

Advertisements

Iran’s fuel subsidies are among the highest in the world, making gasoline much cheaper than in many other countries. This low cost encourages higher consumption, which further intensifies pressure on resources.

To manage the growing demand, the government has launched initiatives to promote public transportation, encourage the development of fuel-efficient technologies, and raise awareness about energy conservation.

During peak seasons, especially holidays, gasoline imports are often necessary to meet the surge in demand.

Experts stress the need for careful planning and potential reforms to subsidies to ensure a balance between meeting domestic needs and achieving long-term sustainability.

Related Topics:

Advertisements
Advertisements

You may also like

oftrb logo

Oftrb.com is a comprehensive energy portal, the main columns include crude oil prices, energy categories, EIA, OPEC, crude oil news, basic knowledge of crude oil, etc.

【Contact us: [email protected]

© 2023 Copyright oftrb.com – Crude Oil Market Quotes, Price Chart live & News [[email protected]]