Azerbaijan, Baku, Jan. 11 / Trend F.Milad/
The implementation of the Subsidy Reform Plan has so far saved the country some $5.3 billion in fuel consumption, the Oil Ministry official Nasser Sajjadi stated.
Nasser Sajjadi, the deputy director of the National Iranian Oil Products Distribution Company (NIOPDC), told Shana news agency that some $200 million, $880 million, $770 million, $2.1 billion and $1.350 billion, have been saved in consuming LNG, gasoline, kerosene, gas oil, and furnace oil, respectively during the implementation of the Subsidy Reform Plan, which started in December 2010.
The consumption of four highly-consumed fuels in Iran has rather declined since the implementation of the reform plan, the NIOPDC managing director said.
The Fars news agency quoted Jalil Salari as saying on October 21 that when the Subsidy Reform Plan was implemented in the country in December 2010, the consumption of liquefied petroleum gas, gasoline, kerosene, and diesel reduced between 4 and 19 percent.
The subsidy reform plan allows the Iranian government to gradually slash subsidies on fuel, electricity, and certain goods over the course of five years.