Iran will raise the price of gasoline for users surpassing 110 litres per month starting on Tuesday, a government spokesperson said on Sunday, as it steps up efforts to tackle problems created by the war and crippling U.S. economic sanctions.The price of the first and second quotas, which include 110 litres, will remain unchanged, but the price of the third quota will be raised to 100,000 Iranian rials per litre (around 4 U.S. cents based on the free-market rate), Fatemeh Mohajerani said in comments carried by state media.The increase in Iran's gasoline price, which is one of the lowest in the world, was discussed by the government and postponed amid concerns it could trigger new protests. Iran experienced widespread protests in 2019 over the same issue.The higher fuel price will only affect consumers who require more than 110 litres per month and is due to "current conditions", Mohajerani said.Other motorists can still buy up to 60 litres at 15,000 rials per litre and an additional 50 litres at 30,000 rials per litre, she added.In December, Iran partially raised the price of its subsidized gasoline for most users, as the OPEC member sought to control rising fuel demand.
Iran's government to raises price of petrol as US applies economic pressure
Iran will raise gasoline prices for users exceeding 110 liters monthly starting Tuesday. The price for the third quota will increase to 100,000 Iranian rials per liter. This change aims to address economic challenges and sanctions impacting the nation. Consumers using less than 110 liters will maintain current subsidized rates. The government postponed a broader price hike due to potential public unrest.
197 words~1 min read
