Thursday, February 14, 2013

Fuel consumption in Iran: What are the current dynamics?


According to PressTV: Fuel; It is undoubtedly one of the most significant issues counties in the world are facing.Iran is not an exception.

Virtually all prices in the country are affected by fuel price. For many years, the Iranian governments have subsidized fuel in order for the industry to grow and for the people to live easier. 

The policy, however, failed to be beneficial to the national economy, and the government concluded that total removal of fuel subsidy is a must for the country. 

Thus, with the implementation of the subsidy reform plan, fuel price was raised immensely. And now, the government insists on further escalating it to international prices, but the parliament believes a drastic fuel price increase would damage the country's economy. 

All this is happening while Iran succeeded in handling the US embargo on Iran's petroleum products imports, especially gasoline and Diesel fuel. 

Iran managed to change people's general trend in fuel consumption, and get rid of its dependence on gasoline import and become self-sufficient. 

In this edition of the show we will look at the fuel consumption in Iran and examine the issue from different perspectives.

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