ArabianBusiness.com - Middle East Business News
Monday, 22 March 2010 04:38 UAE time

YOUR DIRECTORY /

Print Print | Email Email | Discuss this article (0 Comments)
| Share |

Gas bonus for Iran drivers

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 23 September 2007
(Getty Images)

Iranian motorists will from Sunday be able to buy an extra 100 litres of subsidised gasoline in a one-off allocation in addition to a monthly quota of 100 litres, an Iranian daily reported.

Iran is the world's fourth largest oil producer but lacks refining capacity and must import large amounts of gasoline to cover its needs, a sensitive issue as the West considers tougher sanctions against Tehran over its nuclear activities.

To curb soaring consumption of heavily-subsidised gasoline costing only 1,000 rials per litre (around 11 US cents), the Islamic state launched rationing in June. But many drivers complain their quotas are not enough.

Story continues below
advertisement

The Iran daily on Saturday quoted acting Oil Minister Gholamhossein Nozari as saying motorists would be allocated the extra fuel as a one-off "travel quota" to be used before the end of the current Iranian year (March 20, 2008).

"The Oil Ministry has been ordered to allocate an additional 100-litre gasoline quota to the quota of private cars," he was quoted as saying.

Print Print | Email Email | Discuss this article
| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

SHARE PRICE CHECK

RELATED LINKS

  1. Ministry of Energy - Iran»

 EMAIL ALERTS

  1. Ministry of Energy - Iran

  2. Energy


CURRENCY CONVERTOR

Tell us your story

Best of 2009 - Special Report

Think Tank

READER COMMENTS

  1. EXCLUSIVE: Dubai issues 'alcohol in food' ban to hotels 27
    21 Mar ' 10 at 21:05
    Total ban of alcohol is an extreme measure. What about setting a quota in the menu of let's say, 70% alcohol free and 30% with a...   More  »
  2. Atlantis frees Sammy the whale shark 06
    21 Mar ' 10 at 12:24
    So, everyone moans & groans about “SAMMY” being kept in Captivity and not having its FREEDOM to swim in the free waters & live in...   More  »
  3. Dubai deal seen raising funding costs for UAE firms 04
    21 Mar ' 10 at 19:08
    Wasn't UBS the bank that lost nearly USD 50 billion in sub-prime mortgage CDO, working for a bank like that indeed gives you immediate...   More  »

Read all user comments >

MORE FROM ARABIANBUSINESS.COM