Energy
0

Call for Expanding CNG Use

CNG is almost five times cheaper than unsubsidized gasoline. Common sense and economic wisdom demand a collective shift to the cost-effective fuel
Call for Expanding CNG UseCall for Expanding CNG Use

Retrofitting vehicles, especially vans, with compressed natural gas can substantially cut fuel costs, head of the CNG Department of state-run National Iranian Oil Products Distribution Company said.
“A van uses at least 750 liters of gasoline per month that costs 19 million rials ($64). CNG (750 cubic meters/month) costs 3.8 million rials ($12) and helps save $52,” Mohammad Hossein Baqeri was quoted as saying by IRNA.
Each cubic meter of CNG is sold for 5,000 rials (1.6 cents) and a liter of subsidized gasoline costs 15,000 rials (5 cents) and non-subsidized fuel 30,000 rials (10 cents). 

Premium

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

Financialtribune.com