Iran: CNG Consumption Jumps

Iran: CNG Consumption JumpsIran: CNG Consumption Jumps

Following the government last week to raise gasoline prices by 200%, compressed natural gas consumption has risen by 2 million cubic meters a day since Nov. 15, head of CNG department at the state-run National Iranian Oil Products Distribution Company said.
“CNG consumption is growing rapidly and has surpassed 21 mcm/d, up 11%,” Hassan Qolipour was quoted as saying by ILNA. The figure is expected to exceed 24 mcm/d by the end of December, he added.
NIOPDC said on Nov. 14 midnight that subsidized gasoline would be sold for 13 cents a liter up to 60 liters for each car every month. Additional purchases will cost double.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment