Loans to promote CNG-Hybrids vehicles in Iran

Financial Tribune – As per a scheme implemented by the National Iranian Oil Refining and Distribution Company, low-interest loans are being offered to commercial and passenger vehicles using gasoline and diesel to convert into CNG-hybrids.

Director of the CNG office at NIORDC, Hamid Qasemi, says loans to the tune of 25 million rials ($182), are being offered in collaboration with Bank Parsian and Post Bank of Iran, the company’s website reported.

Owners of heavy-duty and passenger vehicles should refer to the website to apply for the loan.

Refitting vehicles used for urban public transport (buses and taxis) is a priority for NIORDC. Therefore, public transport drivers will get loans sooner.