26966
No Plan to Scrap Fuel Cards
Energy

No Plan to Scrap Fuel Cards

The government has no plans to scrap fuel cards, which have attracted the attention of Venezuela, Iraq and Syria, CEO of the National Iranian Oil Production and Distribution Company said.
"To liberalize gasoline prices, there was no way but to introduce the fuel cards," Mansour Riahi was quoted as saying by IRNA.
"Fuel cards have helped to gradually close the gap between the real and subsidized prices of gasoline over the past eight years. Currently offered at 1,000 rials (30 cents) per liter, gasoline is still a subsidized commodity."
In late May, the government announced it would no longer allocate subsidized gasoline, among other types of fuel, to passenger vehicles for 70,000 rials per liter and regular gasoline would be offered at a single price of 10,000 rials for car owners nationwide without any quota.
"The government could offer price- and non-price incentives to encourage the use of fuel cards," Riahi said without elaborating further. Officials of the previous government say fuel cards were introduced to keep track of dilapidated gas-guzzlers and manage gasoline consumption nationwide.
However, Bijan Haj-Mohammad Reza, the head of Iran Gas Station Owners Union, on Tuesday slammed as "time-consuming" the use of fuel cards in gas stations.
"It may take as long as half an hour, instead of merely a few minutes to fill up a car" with fuel cards, he said.
The official had earlier said the government has no choice but to "roll back the system" to what it was in 2007.

 

Short URL : https://goo.gl/FnlZHf
  1. https://goo.gl/FoPwPo
  • https://goo.gl/gSdV9B
  • https://goo.gl/xNDvE0
  • https://goo.gl/lwTMSD
  • https://goo.gl/zQ0gu5

You can also read ...

Shipments in the first two weeks of the month were 4.05 million bpd, the highest since November 2016.
Iraq exported oil at the fastest pace since late 2016 during...
Iran's June Onshore Oil Stocks Up 3.2m Barrels
Iran’s onshore oil stocks rose 3.2 million barrels in June...
Oil Prices Fall on Rise in US Stocks
Oil prices fell on Wednesday after news of a rise in US crude...
Investment in new conventional capacity is set to plunge in 2018 to about one-third of the total.
As the world’s energy sector moves toward greater...
Power Supply to Iraq Cut  Over Rising Domestic Demand
Energy Minister Reza Ardakanian said on Tuesday Iran has cut...
India Faces Iran Dilemma
The US embargo on Iran's oil shipments has put Indian Prime...
Gas Consumption Rising
Iran’s daily gas consumption hit 521 million cubic meters on...
Petrochem Company Indigenizes Equipment
In spite of international restrictions on accessing cutting-...

Trending

Googleplus