Report: Iran to cut portion of gasoline subsidies
TEHRAN, Iran (AP) — Iranian state television is reporting that the country will cut gasoline subsidies, part of a second round of subsidy cuts delayed since 2012. The report Thursday night said the subsidy cut would begin Friday. State television said each car on the road would see its monthly, 60-liter (15.85-gallon) reduced-cost allowance jump to 7,000 rials (22 cents) per liter from 4,000 rials (12 cents). It said every liter after that will cost 10,000 rials (31 cents), up from 7,000 rials. Iran began cutting energy and food subsidies ...
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