Azernews.Az

Iran's average gasoline consumption is expected to hit 100 million litres per day in the second week of the new Iranian calendar year which began on March 21.

The expected rise is due to an increase in holiday trips in the first two weeks of the New Year, Fars News Agency reported.

The country's average gasoline consumption stood at around 90 million litres per day in the first week of the calendar month of Farvardin.

Iran's average gasoline consumption was around 65 million litres per day in the previous calendar year which ended on March 20.

Managing director of the National Iranian Oil Products Distribution Company Mostafa Kashkouli said earlier this month that "not implementing the second phase of the subsidy reform plan would raise Iran's gasoline consumption to 70 million litres per day which is eight per cent more than the current figure".

Deputy Iranian Oil Minister Alireza Zeyqami said that the country will stop producing gasoline in petrochemical complexes by the end of the Iranian month of Khordad (June 21).
"Once the gasoline production units of Lavan, Abadan and Tabriz refineries come on stream, the country's gasoline production capacity would surpass Iran's consumption rate so we can stop production gasoline in the petrochemical complexes," ISNA news agency quoted him as saying.

Zeyqami put the country's gasoline consumption at 63.5 million litres per day, noting that Iran's production capacity currently stands at 61 million tons per day.

Currently 22 million litres of gasoline conforming to Euro 4 and Euro 5 standards is being produced in the country, he said.

Zeqami expressed the hope that Tehran's total gasoline production capacity would reach 70 million litres per day by the end of the next Iranian calendar year (March 20, 2014).