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Jun 27,2007
Oil giant Iran introduces gas rationing
by UPI

TEHRAN - Gasoline rationing was introduced in Iran on Wednesday despite the country's status as the second highest OPEC crude oil producer.

Iran has a huge crude reserve but minimal refining capacity and therefore imports about 40 percent of its refined gasoline, Alalam Satellite TV reported from Tehran.

Gasoline is heavily subsidized in Iran and even after Tehran imposed a 25 percent price hike, the price was raised to 11 cents a liter -- roughly 44 cents a gallon, the report said.

In a statement on state television, the Oil Ministry said private cars would be rationed to about 25 gallons of gas per month, while licensed taxis would be eligible for 200 gallons.

There was no indication given as to how long the rationing would remain in effect.

copyright © 2007, by United Press International. All Rights Reserved.

782 times read

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As price of gas falls, crude oil lingers near $70 per barrel by Bend_Weekly_News_Sources posted on Jun 22,2007

Oregon statewide average gas price hits $3 by Bend_Weekly_News_Sources posted on Apr 10,2007


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