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  • 16-11-19

    Iran: Gasoline consumption reduces 20 percent following rationing plan

    (MENAFN) The spokeswoman of the National Iranian Oil Products Distribution Company (NIOPDC) stated gasoline consumption turned down by 20 percent in Iran on the first day (Friday) of implementing a plan to ration the fuel in the country.

    State television reported, Iran announced gasoline rationing and price hikes on Friday with the head of the country's Budget and Planning Organization, Mohammad Baqer Nobakht, saying that the revenue would be used to increase the amount of monthly subsidies granted to 18 million financially needy families.

    Iran, which has some of the world's cheapest fuel prices due to heavy government subsidies on such products, has been fighting uncontrolled fuel smuggling to neighboring countries.

    Fatemeh Kahi added the reduction in gasoline consumption occurred during the period between 12:00 a.m. local time on Friday, when NIOPDC announced the start of gasoline rationing in a statement, and 12:00 p.m. on the same day, Shana reported.

    MENAFN1611201900450000ID1099282410

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