Iran looks stable despite soar in gasoline consumption
The latest official statistics indicate that Iran has increased gasoline imports by 25 percent in the current fiscal year (FY), started on March 20, while the demand for gasoline is expected to increase by about 30 percent this week due to Ramadan holidays and starting summer vacations. Iran's gasoline demand increased by 2 percent last FY to 71 million liters per day (ml/d), while its imports doubled to about 9 ml/d. Since the beginning of FY, Iran increased gasoline imports to around 12 ml/d, while the demand stood at 72 ml/d. Iranian officials say the big amount of imports was aimed to increase the storage capacity of fuel. It seems Iran's gasoline consumption will see a little increase in the current FY. The Deputy Oil Minister and CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi told Trend on June 29 that Iran has planned importing only 8 ml/d of gasoline in current the FY. Iran is preparing to commence the Bandar Abbas Refin