Energy
0

Proposal Seeks to Promote CNG Use, Postpone Gasoline Imports

Providing CNG for free is expected to help reduce daily gasoline consumption by at least 20 million liters in the first year
Proposal Seeks to Promote CNG Use, Postpone Gasoline Imports
Proposal Seeks to Promote CNG Use, Postpone Gasoline Imports

Iran's Compressed Natural Gas Association has proposed a plan to the Oil Ministry to encourage motorists to consume more CNG and postpone gasoline imports, the head of the association said.
“Based on the proposal, all motorists with CNG-hybrid vehicles will be supplied with free CNG for three years,” Mohsen Johari was also quoted as saying by ISNA.
Highlighting the short-term benefits of the scheme, the official noted that if implemented properly, the proposal will help reduce daily gasoline consumption by at least 20 million liters in the first year.
Iran’s current gasoline consumption is around 100 million liters per day.
“The surplus gasoline can be exported and the Oil Ministry can generate $2 billion in revenues per annum, which is more than enough to cover the costs of all CNG stations,” he said.

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