Iran set to overhaul fuel pricing and set a single rate -official
May 24 Iran will abolish a motorists' allowance for heavily subsidised fuel and set a price, the deputy oil minister said on Sunday, as the government moves cautiously to cut back costly handouts. "We have decided that petrol will be sold at a single rate of 1,000 tomans ($0.35) per litre," Abbas Kazemi was quoted as saying by the ISNA news agency, using a common measure of currency equal to 10 rials. President Hassan Rouhani, elected in 2013 on a platform of better economic management, has championed efforts to rationalise pricing and ...
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