Friday, March 23, 2007

Fuel Prices in Iran Will Hike

Fuel prices have been amazingly low in Iran, at around 8 cents a liter for the last 4 years.

Now, Financial Times 's Gareth Smyth reports that

Parliament decided on Wednesday to limit annual petrol subsidies to $2.5bn, and Iranian news wires have reported the new rationed price will be 100 tomans (11 cents) a litre, with extra fuel sold at a higher price.

Deputies left the government to decide by April 20 on ration quantity, the price of un-rationed petrol, and the method of rationing, likely to be the use of ‘smart cards’.

No comments: