Iran’s daily fuel demand at 260 mln liters: NIOPDC

Iran’s total demand for fuel has reached some 260 million liters per day, according to figures announced by a senior Oil Ministry official, as the country struggles to raise output and contain trafficking to respond to a growing domestic demand.

CEO of the National Iranian Oil Products Distribution Company (NIOPDC) said on Wednesday that demand for gasoline in the country had exceeded an average of 125 million liters per day in the calendar month to late October, up 8.7% compared to the same month last year.

Karamat Veis Karami said that the diesel use by the Iranian motorists had also reached a daily average of 111 million liters in October, an increase of 5.5% year on year.

Veis Karami added that the diesel supplied to Iranian power plants had also increased by 22% compared to October 2023 to reach 24 million liters per day this October, adding that actual demand for diesel at power plants has been at around 87 million liters per day in recent months.

He said gasoline production at Iranian refineries had increased by 7.4% to an average of 124.6 million liters per day in the seven months to late October compared to the same previous period.

The official said, however, that the daily consumption of compressed natural gas (CNG) by Iranian motorist had dropped from 23.5 million cubic meters in October last year to 19 million cubic meters this year.

The figures come as Iran is struggling to contain a demand for fuel that has soared in recent years mainly because of cheap prices that encourage trafficking across the borders.

The country has also introduced major plans to raise fuel output at refineries to prevent any need for scaling up imports.

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