Gasoline Demand Projected to Hike in Iran in Summer

Gasoline consumption is projected to reach an unprecedented average of 135 million liters per day in summer, the head of Gas Stations Guild Union said. “A 35% rise in consumption has been estimated by the National Iranian Oil Products Distribution Company, as most Iranian families will take their summer trips between June and September,” Asadollah Qolizadeh was also quoted as saying by ILNA.

Data released by NIORDC, a subsidiary of the National Iranian Oil Company, show that the current consumption (100 million liters per day) will witness a 35% rise to reach 135 ml/d, he added. The official noted that although all Iranian refineries are functioning at full capacity, NIORDC’s maximum daily output will not exceed 110 million liters for the next five years, meaning the company will either have to import fuel to bridge the gap or tap into the strategic reserves. - Financial Tribune