Iran raises price of petrol as US applies economic pressure
Motorists drive past a large billboard pledging revenge against US President Donald Trump along Jomhouri Street in central Tehran on July 27, 2026. (Photo by AFP)
Iranian authorities have announced they were raising the price of petrol for heavier consumers, as the United States steps up sanctions seeking to isolate the country's economy.
Iran's quota system prices petrol in three tiers: 1,500 tomans per litre for a consumer's first 60 litres in a given month, 3,000 tomans per litre for their next 50, and 5,000 tomans per litre after that. The toman is an informal unit equivalent to 10 Iranian rials.
On Sept. 6, government spokeswoman Fatemeh Mohajerani said the price for the third tier would double to 10,000 tomans (about 4.5 US cents).
