Loans to promote compressed natural gas vehicles in Iran

April 17, 2019. As per a scheme implemented by the National Iranian Oil Refining and Distribution Company (NIORDC), low-interest loans are being offered to commercial and passenger vehicles using gasoline and diesel to convert into compressed natural gas (CNG) fuel.

Director of the CNG office at NIORDC, Hamid Qasemi, says loans to the tune of 25 million rials are being offered in collaboration with Bank Parsian and Post Bank of Iran.

Owners of heavy-duty and passenger vehicles should refer to the website to apply for the loan.

Refitting vehicles used for urban public transport (buses and taxis) is a priority for NIORDC. Therefore, public transport drivers will get loans sooner.

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