Middle East Economic Survey

VOL. LII

No 22

1-Jun-2009

IRAN

Gasoline Rationing Has Saved Iran Over $8.5Bn

Irans smart card gasoline rationing scheme, introduced in June 2007, has succeeded in reducing the countrys consumption by one-third to around 64mn litres/day (400,000 b/d), according to Deputy Minister of Petroleum Noureddin Shahnazizadeh. He told Mehr News Agency on 26 May that Iran imported 35mn litres/day (220,000 b/d) of gasoline to meet demand before rationing, adding that by reducing...