US EditionIran raises gasoline prices for the first time since deadly 2019 protests
Iran’s new three-tier gasoline pricing aims to reduce $52 billion annual subsidies while maintaining low prices for initial fuel quotas, marking first change since 2019 protests.
- Iran introduced a new pricing tier for nationally subsidized gasoline, marking a significant change in its fuel-subsidy system since 2019, when a price hike sparked protests and resulted in over 300 deaths.
- Critics claim that each 10,000-rial increase in gasoline prices could lead to a 5% rise in inflation.
- Tehran-Based economist Hossein Raghfar expressed concerns that gasoline prices have increased 15-fold since 2009, suggesting a troubling trend regarding government subsidies.
- This change is the most significant adjustment to Iran's fuel-subsidy system since the 50% price increase in 2019, which led to nationwide protests.
46 Articles
46 Articles
Tehran has begun implementing a new price level for state-subsidized gasoline, in the first price adjustment the country has seen since 2019. This move comes amid a sharp decline in the value of the local currency and the continuation of economic sanctions imposed on Iran, despite fuel prices remaining among the cheapest in the world.
Dnevni list Danas
Iran raised the prices of subsidized gasoline today, for the first time since 2019, when large protests erupted due to fuel price hikes in which more than 300 people died.
Idaho Press
Iran implements new price tier for its state-subsidized gasoline, first major change since nationwide protests in 2019
Iran implements new price tier for its state-subsidized gasoline, first major change since nationwide protests in 2019.
Asharq AL-awsat
KAYHAN LIFEIran Raising Fuel Prices for Heavy Users to Curb Consumption
Iran will raise the price of its heavily subsidized gasoline for heavy users on Saturday, state media reported, as the OPEC member seeks to control rising fuel demand without triggering public anger. Proposals to increase Iran's fuel prices, some of the lowest in the world, have long been postponed amid apparent concerns that they might cause a repeat of widespread protests seen in 2019 that were crushed by the state.
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