Iran cuts portion of gasoline subsidies to reform economy, move delayed since ...
Iran has cut a portion of its gasoline subsidies, nearly doubling some prices at the pump as part of a second round of cuts delayed since 2012. Friday's move will test public support for moderate President Hassan Rouhani in a nation battered by inflation and economic sanctions imposed over Iran's controversial nuclear program./ Subsidies have kept the cost of gasoline artificially low for consumers in OPEC-member Iran. The slash aims to release government money for production and infrastructural projects. Under the new pricing scheme, each ...
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