Iran likely to export gasoline next year 

(MENAFN) Iran's oil minister, Rostam Qasemi, said that following the reduction in local gasoline consumption after implementing the Subsidy Reform Plan in December 2010, next year, Iran might start exporting gasoline, reported Tehran News.

Qasemi added that domestic consumption of gasoline was near 60 million liters per day, due to the reform plan, adding that if the plan wasn't implemented, local gasoline consumption would have increased to reach 120 million liters a day.

He also said that the reform plan allowed the government to reduce subsidies on fuel, electricity, and certain goods step by step over the course of five years, however, low-income families were compensated with direct cash assistance.

It is worth noting that since the implementation of the reform plan, the consumption of gas, gasoline, kerosene, and diesel, the four highly-consumed fuels in Iran, has dropped significantly between 4 percent and 19 percent.