Iran Gasoline Demand Drops On Subsidy Elimination

Iran Gasoline Demand Drops On Subsidy Elimination
dj
Παρ, 4 Μαρτίου 2011 - 16:44
Iran is set to cut gasoline imports further in the coming months after eliminating energy subsidies, offsetting a seasonal demand uptick, Facts Global Energy says in a research note. Iran's domestic consumption fell 10% on year after the government removed subsidies, so it no longer needs to produce gasoline at petrochemical plants, which tends to be more polluting, it says.
Iran is set to cut gasoline imports further in the coming months after eliminating energy subsidies, offsetting a seasonal demand uptick, Facts Global Energy says in a research note. Iran 's domestic consumption fell 10% on year after the government removed subsidies, so it no longer needs to produce gasoline at petrochemical plants, which tends to be more polluting, it says. 
The Iranian New Year, which begins March 21, will temporarily boost demand, it adds. Iran is set to import 14,000 b/d in March, down from 30,000 b/d in February, according to Facts Global Energy.

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