EghtesadOnline: Iranian households’ spending on cosmetics increased in the last Iranian year [ended March 20, 2019] compared with the year before, but consumption shows a decline due to inflation, the Persian economic daily Donya-e-Eqtesad reported, citing the Statistical Center of Iran's data.
EghtesadOnline: Compressed natural gas consumption has declined 15% since May when prices rose by 10%, head of the Iran CNG Association said.
EghtesadOnline: Wastage of power in the national grid dropped from 15.2% to 11.1% between 2013 and 2018 and by extension cut natural gas consumption in power plants.
EghtesadOnline: The Majlis Research Center has announced that implementing the fuel rationing system saved the country as much as $100 billion between 2007 and 2015.
EghtesadOnline: Consumption of environmentally-unfriendly liquid fuels like diesel and mazut in power plants and farming declined 31% over the past six years, the Oil Ministry's deputy for planning and economic affairs said.
EghtesadOnline: Although most energy officials, namely Oil Minister Bijan Namdar Zanganeh, say that raising gasoline prices would be the last resort to fight rampant smuggling and curtail rising consumption, several senior economists disagree.
EghtesadOnline: Diesel consumption since the beginning of the current fiscal year in March has jumped to astonishing levels compared to last year, director of the CNG office of the National Iranian Oil Refining and Distribution Company said.
EghtesadOnline: Total energy produced in Iran in 2016 was equal to energy that is produced by burning 3.4 billion barrels of crude oil, up 18% compared to 2015.
EghtesadOnline: An estimated 2.2 million tons of finished and semi-finished steel products were exported from Iran in the first three months (March 21-June 20) of the current fiscal year, showing 12.2% year-on-year decrease, according to a report released by the Iranian Steel Producers Association.
EghtesadOnline: Energy consumption and wastage have overtaken production and supply and Iran could become an energy importer despite its abundant energy resources, managing director of the Industrial Management Institute said.