Iran likely to abolish fuel subsidies
government adviser/ May 23 Iran is likely to abolish subsidised 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 been decided, but it is very likely that no ration will be set and ...
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