Mohammad-Sadeq Azimifar spoke on Tuesday at the inauguration ceremony for a project aimed at diversifying its fuel portfolio, and by the end of 1403 in Iran (20th March 2025), the company was able to offer petroleum products. An estimated 71% (approximately 185 million liters) are consumed in the transportation sector, with annual growth rates of around 7%.
He attributes part of the increased consumption in the transport sector to its weaknesses in natural growth and the implementation of structural energy policies. Azimifar emphasized that 53% of the country’s vehicle fleet are outdated, and that these older vehicles consume two to three times the world average.
The Deputy Minister of Petroleum noted that diversification of fuel portfolios in the transport sector has not been properly addressed. He recalled that in 2020, the High Energy Council approved a document that outlined the energy supply for the transport sector until 2041.
According to the document, CNG share in the transport fuel portfolio was projected to reach 23% by 2041, while CNG consumption will be around 1,900 from 23 million cubic meters (12% share) in the first half of 2021. 1,000,000 cubic meters (approximately 19 million cubic meters (6.5% stake in the first half of 2024).
Azimifar noted that a reduced focus on CNG is a key factor in the decline in fuel portfolio share. He said, “Fortunately, effective policymaking and the efforts of our colleagues have launched projects such as free conversion of the public fleet, operating new stations, and building 100 new CNG stations across the country.”
MNA/shana.ir