Iran: CNG consumption jumps

Financial Tribune – Following the government last week to raise gasoline prices by 200%, compressed natural gas consumption has risen by 2 million cubic meters a day since Nov. 15, head of CNG department at the state-run National Iranian Oil Products Distribution Company said.

“CNG consumption is growing rapidly and has surpassed 21 mcm/d, up 11%,” Hassan Qolipour was quoted as saying by ILNA. The figure is expected to exceed 24 mcm/d by the end of December, he added.

NIOPDC said on Nov. 14 midnight that subsidized gasoline would be sold for 13 cents a liter up to 60 liters for each car every month. Additional purchases will cost double.