EghtesadOnline: Head of the Judiciary Ebrahim Raeisi said on Monday that public opinion and the elite should have been provided with explanation about necessary plan for fuel consumption management and that the people are separate from the rioters.
EghtesadOnline: Total annual energy consumption in Iran is almost equal to the energy produced by burning 1.4 billion barrels of crude oil.
EghtesadOnline: Many say that in the current economic conditions resuming the gasoline rationing system to better manage (curb) fuel consumption is inevitable, but may not help much in preventing smuggling.
EghtesadOnline: Rationing and higher prices are needed to help reduce fuel consumption, the oil minister said. "There are a number of proposals on the table but no decision has been taken because of a lack of consensus,” Bijan Namdar Zanganeh was quoted as saying by ISNA.
EghtesadOnline: OPEC boosted estimates of demand for its crude this year and next amid stronger-than-expected fuel consumption and a weaker outlook for rival supply.