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Last update - 12:21 10/01/2007
Report: Iran plans to ration fuel after March 2007
By Reuters

TEHRAN - The Iranian government has decided to ration gasoline in OPEC's second biggest producer in the Iranian year that starts in March 2007, state-owned Iran newspaper reported Wednesday.

"The cabinet has agreed upon implementing the plan to ration gasoline in the next [Iranian] year [beginning March 21]," the newspaper said without giving a source.

The plan needs to be approved by the conservative-dominated parliament before being implemented.
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Officials were not immediately available for comment.

After originally slashing the budget for gasoline imports to $2.5 billion for the Iranian year that runs to March 2007, parliament agreed in November to provide an additional $2.5 billion when the initial funds ran out.

Iran, which lacks refining capacity, has to import about 40 percent of the 70 million litres of gasoline it burns daily.

Fuel is heavily subsidised in Iran, where gasoline price per liter is 9 U.S. cents. Economists say such a cheap price encourages waste and a thriving trade in contraband fuel to Iran's neighbors.

In November, Iran also said it was planning to launch a system of "smart cards" for purchasing gasoline, a move which analysts said paved way for possible fuel rationing next year.

Rationing would be sensitive in a country where cheap, abundant fuel is considered a national right.

Many Iranian officials say Iran's dependence on imported fuel threatens national security, particularly when the country faces United Nations sanctions over its disputed nuclear program.

Asian and European traders watch Iran closely for any suggestion of fluctuation in demand. International trading house Vitol is a major supplier, according to industry sources
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Bad company
Madonna draws ire for picturing John McCain near Hitler during a recent show.
Raw energy
An unemployed Israeli ecologist has a solution to the fuel crisis and global warming.
  1.   Strange priorities!! 14:44  |  Ian 10/01/07
  2.   Gas rationing 15:34  |  Lynn 10/01/07
  3.   Finally, the ayatollahs` plan becomes clear 16:37  |  Steve G 10/01/07
  4.   The clearest proof 16:47  |  Clickfool 10/01/07
  5.   4, clickfool 17:16  |  Harry 10/01/07
  6.   Nice try, Clickfool 17:17  |  Jack 10/01/07
  7.   Mr Clickfool in England 17:21  |  Daniel 10/01/07
  8.   Taking out their nuclear development - other benefits 17:23  |  Bimmer 10/01/07
  9.   Re 1: STRANGE PRIORITIES and RELIGIOUS LUNATICS 17:24  |  THE JACKAL 10/01/07
  10.   Re 9: oil refining facilities 18:12  |  Dean 10/01/07
  11.   #1 Ian 18:18  |  Boycott 10/01/07
  12.   Iran Feeling The Heat And It`s Not Even Summer Yet! 18:36  |  Lavi 10/01/07
  13.   to: clickfool 18:47  |  Sol 10/01/07
  14.   Preparing for war 20:14  |  Butch ben Yok 10/01/07
  15.   You Israelis all need to read more..... 20:17  |  Iranian-American 10/01/07
  16.   Iran will be going the way of Somilia within 12 months 21:35  |  Bimmer 10/01/07
  17.   #5 Harry, Re Clickfools understanding of gasoline vs electrical 22:38  |  Max Zinger,P.Chimist 10/01/07
  18.   TO NO 12 LAVI 22:43  |  DANNY. 25/08/08
  19.   TO NO 14. 22:46  |  DANNY. 25/08/08
  20.   TO NO 15 22:49  |  DANNY. 25/08/08
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