Financial Tribune - The Iranian government is rolling out a nationwide scheme to convert their fossil fuel-powered vehicles to CNG hybrids by providing all car owners with cheap loans.

Motivating people to switch to natural gas has been on the Iranian government’s agenda for long. However, the efforts have mostly been limited to major cities like Tehran, ISNA reported.

As per the scheme implemented by the National Iranian Oil Refining and Distribution Company, low-interest loans are being offered to owners of all commercial and passenger vehicles running on gasoline and diesel to convert them to CNG hybrids.

Director of NIORDC’s CNG Office Hamid Qasemi said loans amounting to 25 million rials ($187) are being offered in collaboration with Bank Parsian and Post Bank of Iran.