NIORDC Revenues to Rise by $2b p.a.

A nationwide scheme to convert 1.2 million gasoline-powered public transport and commercial vehicles to compressed natural gas hybrids will help reduce gasoline consumption by 10 million liters per day, director of the National Iranian Oil Refining and Distribution Company said.
“Given the fact that Persian Gulf free-on-board gasoline prices stand at 60 cents per liter, the saved volume [10 million liters] is expected to add $2 billion to NIORDC’s annual revenue,” Jalil Salari was also quoted as saying by the Oil Ministry’s news service.
Since the launch of the plan in 2020, about 200,000 vehicles have been retrofitted and the rest are on the waiting list, he added.