Posted in: Commentary,
by Patrick DeHaan on Feb 8, 2013 12:00 PM
Iran’s gasoline consumption rose by one billion liters (265 million gallons or 6.3 million barrels) during the first ten months of current Iranian calendar year, began 20 March 2012, in comparison to the corresponding period last year, according to Iran's Oil Ministry.
Managing director of National Iranian Oil Refining and Distribution Company (NIORDC), Mostafa Kashkouli, made the remarks adding during the period, daily gasoline consumption stood at 63.2 million liters per day, up by 5.8 percent against similar period last year.
He further noted that gasoil consumption hit 96 million liters per day on average during the first ten months of current year, up by 1.4 percent against similar period last year.
Fuel oil consumption also climbed reaching 53.2 million liters per day, up by 22 percent when compared to corresponding period last year.
This comes as somewhat of a surprise give the hard hit Iran economy and perhaps shows that the Iranian economy may be more resilient than previously thought.