CNG Stations Gradually Losing Business

Private enterprise is not interested in putting money in the CNG filling stations simply because of high and rising costs (especially urban land prices) and shrinking profit margins
CNG Stations Gradually Losing Business
CNG Stations Gradually Losing Business

Compressed natural gas stations have the capacity to supply 40 million cubic meters of CNG, but at present are operating at half capacity as lesser number of motorists are buying the eco-friendly fuel, managing director or National Iranian Oil Products Distribution Company said.
“Almost 20 million cubic meters of CNG is consumed every day,” ILNA quoted Mohammadreza Mousavikhah as saying.
Production of bi-fuel vehicles has stopped and the price of gasoline has not increased (despite recent speculations), so it is not economically viable for the people to buy CNG, he added.
Price discrepancy between gasoline and CNG is 40%, whereas logically CNG prices should not be more than 20% of gasoline. 


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