Iran’s largest gasoline supplier has ramped up output by 15% this year compared to levels seen in 2022 amid a rising demand for fuel in Iran that has been exacerbated by smuggling activity across the borders.
An average of 120 million litter per day of gasoline is being consumed in Iran, according to a senior oil official.
Iran’s daily electricity consumption hit 73,450 MW on Sunday, registering a new record high, according to the spokesman of the country’s electricity industry.
Iranian Oil Ministry says the country has paid energy subsidies to its citizens nearly twice its oil revenues.
Plans are underway in the refining industry to increase the daily production of petroleum products so that about 130 million liters per day of gasoline and diesel each will be produced by March 2027.
Iran is the third-largest worldwide provider of subsidies for energy consumption, according to a new report by the World Bank.
To temporarily redress the growing imbalance between gasoline and diesel supply and demand, the government has started to import fuels, spokesman for the Majlis Energy Commission said.
Iranian people consumed as much as 99.3 million liters of gasoline on March 21 – the first day of the Persian New Year (Nowruz) holidays, according to the managing-director of the National Iranian Oil Products Distribution Company.
Iranian President Ebrahim Raeisi has inaugurated a new expansion project in the country’s flagship Abadan Refinery.
Iran’s liquefied petroleum gas shipments has risen by 50% to reach 310,000 tons per month, largely to Asia, since 2021.