Iran likely to abolish fuel subsidies, says government adviser
An Iranian man fills his car in a gas station in central Tehran, pictured on April 25, 2014. (AP)/ Iran is likely to abolish subsidized fuel allowances for motorists, an Oil Ministry adviser said on Saturday, in a move that will cut state spending but could also drive inflation and cause protests. The government is trying to curb subsidies that have led to profligate energy consumption and put a strain on public finances, already squeezed by international sanctions and last year’s drop in oil prices. “The issue of fuel rations has not yet ...
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