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EghtesadOnline: As gasoline consumption has currently declined, there is a balance between supply and demand, although it is expected to surpass 120 ml/d in March 2023, marking the onset of the Persian New Year and people’s holiday trips.

Demand for gasoline declined by 20% in the past 30 days after summer holiday trips ended, the head of Iran Gas Station Owners Union said.

“Consumption, which had soared [between July and September] to more than 120 million liters/day due to the peak travel season, has now reached around 100 ml/d,” Homayoun Salehi was also quoted as saying by ILNA.

The disparity between supply and demand between July and September reached 15 million liters per day as the National Iranian Oil Company’s maximum production capacity is 105 ml/d, he added.The official pointed out that to redress the imbalance, NIOC had to tap into the strategic gasoline reserves, which was a cause for concern.

gasoline Gasoline Consumption