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Cheap CNG Loans for All

To curb fossil fuel consumption, the Iranian government is extending cheap loans to all car owners to convert their fossil fuel-powered vehicles to CNG hybrids
Cheap CNG Loans for AllCheap CNG Loans for All

The Iranian government is rolling out a nationwide scheme to convert their fossil fuel-powered vehicles to CNG hybrids by providing all car owners with cheap loans. 
Motivating people to switch to natural gas has been on the Iranian government’s agenda for long. However, the efforts have mostly been limited to major cities like Tehran, ISNA reported.
As per the scheme implemented by the National Iranian Oil Refining and Distribution Company, low-interest loans are being offered to owners of all commercial and passenger vehicles running on gasoline and diesel to convert them to CNG hybrids. 
Director of NIORDC’s CNG Office Hamid Qasemi said loans amounting to 25 million rials ($187) are being offered in collaboration with Bank Parsian and Post Bank of Iran.

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