Iran Raises Fuel Prices by 40 Percent in Bid to Boost Revenue
Iran has raised fuel prices by 40 percent and scrapped an eight-year-old rationing program for private motorists as President Hassan Rouhani’s government seeks to shore up public finances. Gas stations will sell regular fuel for 10,000 rials (36 U.S. cents), a liter, said Naser Sajadi, head of national Iranian Oil Products Distribution Co., according to Iranian state television. Under the plan that’s being discontinued, monthly consumption of up to 60 liters was at 7,000 rials a liter. The change will come into effect on Tuesday, Sajadi ...
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