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NIOC Struggling to Meet Surging Gasoline Demand

To meet the ever-rising gasoline demand of fuel-inefficient vehicles, NIOC must build a new refinery every year, which is not feasible
NIOC Struggling to Meet Surging Gasoline Demand
NIOC Struggling to Meet Surging Gasoline Demand

Iran's annual gasoline demand has increased to a massive 1 billion liters, as 1 million-plus gas guzzlers are added to the already saturated domestic market per year, director of the National Iranian Oil Refining and Distribution Company said.
“The policy to send dilapidated cars to the scrapyard is no longer pursued due to the government’s budget deficit and this has exacerbated the appalling situation in the fuel sector,” Jalil Salari was also quoted as saying by IRNA.
To meet the ever-rising gasoline demand of fuel-inefficient vehicles, the National Iranian Oil Company must build a new refinery every year, which is impossible due to financial constraints, he added.

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