Business & Economy | Energy & Oil Art | Film & Music | Events Heritage & History Philanthropy
Sports | Politics For Peace | Society & Culture Literature & Books Health & Medicine
Rights | Women | Diaspora Travel | Environment & Geography Science & Education Middle East & Asia

twitter|facebook|Privacy Policy

Payvand Iran News ...
04/25/14 Bookmark and Share
Iranians Face Sharp Increase In Gasoline Prices

Source: RFE/RL

Iranian drivers lined up overnight at gas stations as the government raised the price of gasoline by up to 75 percent at midnight. Despite the increases, gasoline remains heavily subsidized and the retail price is among the cheapest in the world.

A gas station in Tehran is closed at midnight to update the pumps with new prices
(photo by Abdolvahed Mirzazadeh, ISNA)

As of midnight, gasoline in Iran costs between $0.28 and $0.39 per liter.

Nonetheless, with unemployment and underemployment high and inflation at about 35 percent, the price increase could trigger unrest. In 2007, the government sparked rioting by introducing rationing of gasoline.

Iran has suffered from broad international sanctions over Tehran's disputed nuclear program. President Hassan Rohani has been negotiating intensely with the international community in a bid to get sanctions eased.

Based on reporting by the BBC, Reuters, and AP

Copyright (c) 2014 RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.

... Payvand News - 04/25/14 ... --

comments powered by Disqus

© Copyright 2014 NetNative
(All Rights Reserved)

Popular Now

Join Payvand's Facebook Page

join Payvand's daily News mailing list
* indicates required

Home | Contact | About | Archive | Web Sites | Bookstore | Persian Calendar | twitter | facebook | RSS Feed