US EditionPublished • loading... • Updated
Iran adds new gasoline price tier starting in December
Iran adds a 50,000-rial third tier for fuel beyond quotas and restricts one fuel card per owner to reduce consumption and ease state financial losses, officials said.
- On Dec. 6, Iran will introduce a third gasoline price tier charging beyond-quota fuel at 50,000 rials per liter, officials said, aiming to test public reaction amid inflation.
- Officials said the measure aims to curb excessive consumption and ease pressure on state finances, while some economists argue pump prices remain far below true local cost, estimated between 100,000 and 150,000 rials per liter.
- Under the revised quota structure, motorists keep a subsidized monthly allocation and a second 100 liters at 30,000 rials, while individuals owning more than one vehicle get only one fuel card and pricing faces quarterly reviews every three months.
- The reform marks the most significant change since a past price shock that sparked protests, while critics warn poor fuel quality and inefficient locally produced vehicles limit consumption cuts.
- Station operators report they raised prices on unofficial station cards to 50,000 rials, and many drivers who used spare cards after exhausting allocations, while gasoline rationing cut transfers to middle- and higher-income households.
Insights by Ground AI
12 Articles
12 Articles
Coverage Details
Total News Sources12
Leaning Left5Leaning Right2Center1Last UpdatedBias Distribution63% Left
Bias Distribution
- 63% of the sources lean Left
63% Left
L 63%
12%
R 25%
Factuality
To view factuality data please Upgrade to Premium
