CNG Station-Owners Call for Higher Commission Fee

CNG Station-Owners Call for Higher Commission Fee

With eight compressed natural gas (CNG) stations having gone into operation in the first 51 days of the current Iranian calendar year (began March 21), the number of CNG stations across the country has reached 2270, Tasnim news agency reported.
According to the plans, a total of 100 CNG stations must go on stream in the current year, of which eight has been fulfilled so far.
Iran's CNG Association has proposed a 25 percent increase in the CNG station-owners commission fee, Ardeshir Dadras head of the association said Tuesday. The price increase is currently being assessed by the oil ministry, Dadras said, expressing hope that the new price will be effective as soon as the government's economic council approves it in June.
The association has also called for a further 15 percent decrease in CNG prices to lower the price of each kilo of CNG to 5000 rials (14 cents) with the aim to encourage consumers to use less gasoline. The slight discrepancy in gasoline and CNG prices is the primary cause of rising gasoline consumption, and a disincentive to CNG consumers.
CNG prices currently stand at 6,000 rials (17 cents) per kilogram, while the average price of gasoline is 10,000 rials ($0.36) per liter.
Iran is one of the leading countries promoting CNG with 2,249 stations. More than $2.4 billion has been invested to expand CNG use, and close to 22,000 individuals are employed in this industry.

Short URL : http://goo.gl/CUHTpn

You can also read ...

Swap operations resumed earlier this month after a seven-year break.
Iran is ready to ramp up oil swap capacity after receiving the...
Iran is pinning hopes on the investment and know-how of foreign oil companies to enhance extraction rates.
The National Iranian Drilling Company has completed drilling...
Citi Forecasts $40-60 Crude for Next 5 Years
Citibank's commodities research team has tempered its outlook...
Chinese Refinery Blaze Extinguished
A fire that broke out on Thursday at state oil major...
Pertamina Reiterates Interest in Khuzestan Oilfields
The chief executive officer of Indonesia's state-owned oil and...
GE to Help Develop Biggest Wind Farm in Australia
GE has announced that it has entered into an agreement with...
Tavanir Urges Prudent Power Consumption
Hardwiring the culture of judicious electricity consumption in...
Major Gas Pipeline Launch in December
The construction of the 6th Iran Gas Trunkline (IGAT-6)–a...