Iran raises petrol prices again as officials urge consumers to cut fuel use
Iran has raised petrol prices again, introducing a higher tariff for motorists who use more than 110 litres a month. The change comes as officials try to manage declining revenues and the cost of a subsidy system that has long kept fuel prices among the lowest in the world. State media said the first 60 litres a month will remain unchanged, while the next 50 litres will be charged at a higher rate.Under the new structure, the price for heavy users will double from 50,000 riyals to 100,000 riyals per litre. The measure was reported on 8 September and is... [Continue Reading]
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