Report: Iran to cut portion of gasoline subsidies
TEHRAN, Iran (AP) — Iran will cut a portion of its gasoline subsidies beginning Friday, nearly doubling some prices at the pump as part of a second round of cuts delayed since 2012, state television reported Thursday. Under the new pricing scheme, 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). That works out to about 83 cents a gallon under the new pricing structure, compared to 45 cents under the former. ...
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