Gasoline consumption in Iran drops 22 pct after price hike

Source: Xinhua| 2019-12-12 00:56:24|Editor: Mu Xuequan
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TEHRAN, Dec. 11 (Xinhua) -- The daily gasoline consumption in Iran fell by 22 percent since Nov. 15 when the government rationed gasoline and raised the price, Eghtesadonline news website reported on Wednesday.

Iran raised 50 percent of the gasoline prices and rationed its use to 60 liters for each car per month, seeking to curb gasoline consumption and smuggling.

Prior to the new policy, Iranians used 98.7 million liters of gasoline per day on average between Oct. 23 and Nov. 14. However, during the three weeks after the plan was implemented, the average daily consumption fell to 76.6 million liters per day.

The fuel quota of 60 liters for each car per month was first introduced in 1981 and again in 2007.

The price of compressed natural gas (CNG) in Iran stayed unchanged, and its daily consumption was increased by 3 million cubic meters since Nov. 15.

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