Showing posts with label Fuel Pricing Smart Cards. Show all posts
Showing posts with label Fuel Pricing Smart Cards. Show all posts

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’.