EghtesadOnline: Rationing gasoline and raising pump prices by 200% that started on Nov. 15 will have no substantial effect on curbing fuel smuggling, says a deputy chief of the Goods and Foreign Exchange Anti-Smuggling Headquarters.
EghtesadOnline: Gasoline consumption fell by 22 million liters a day in the three weeks from November 15 after the government rationed gasoline and raised prices by selling it at two rates.
EghtesadOnline: President Hassan Rouhani said Sunday the country has become self-sufficient in the production of natural gas, gasoline and diesel and has started exporting the three fuels.
EghtesadOnline: Despite the drawbacks and mounting grievances about the sudden gasoline rationing plan, the new policy would help the National Iranian Oil Company not to import gasoline in the foreseeable future, a former head of the Iranian Fuel Conservation Company said.
EghtesadOnline: Converting gasoline-powered vehicles, especially vans, to compressed natural gas hybrids can help reduce fuel costs for motorists by 100%, deputy managing director of the state-run National Iranian Oil Products Distribution Company said.
EghtesadOnline: Friend and foe have been trying hard to figure out what happened and why in the eight days after the government decided to cut fuel subsidies, sending gasoline prices to levels unseen in Iran ever since oil was discovered more than a century ago.
EghtesadOnline: Gasoline rationing that started on Nov. 15 will not have any significant effect on curbing air pollution if the temperature is below 15° C, head of the Department of Environment said.
EghtesadOnline: Underprivileged provinces will receive bigger shares from the government’s fresh cash subsidy as compensation for the recent hike in gasoline prices, known as the Livelihood Assistance Program.
EghtesadOnline: Following the abrupt government decision to raise gasoline prices and sell it at two rates from November 15, consumption fell by at least 20% over a 10-day period, the National Iranian Oil Products Distribution Company (NIOPDC) announced Tuesday.
EghtesadOnline: So long as state-run automakers keep manufacturing low-quality vehicles, the people will be the main victims who have to face the economic burden stemming from the unprecedented rise in gasoline prices, a former head of the Iranian Fuel Conservation Company said.