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Iran fuel imports down by 57%
- Iran: Sunday, February 03 - 2008 at 11:31
Iran's daily gasoline imports have fallen about 57 percent since the country introduced fuel rationing last June, a senior oil official said, reported Reuters. The world's fourth-largest oil producer lacks refining capacity and must therefore import large amounts of fuel, which it then sells at heavily subsidized prices. It introduced rationing to curb soaring consumption.Deputy Oil Minister Mohammad Reza Nematzadeh said Iran currently imported 15 million litres of gasoline per day on average, out of total daily consumption of 58.5 million litres.
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Amena Bakr, Senior ReporterSunday, February 03 - 2008 at 11:31 UAE local time (GMT+4)
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