Iran increases gasoline rates for excess users as war fuels economic pressure
- Iran doubles gasoline prices for motorists using more than 110 litres a month, starting Tuesday, amid fuel shortages.
- The price for fuel above the monthly quota rises from 50,000 to 100,000 Iranian rials per litre.
- The government says the move aims to curb high fuel consumption as war, US sanctions and inflation strain Iran’s economy.
- Iran’s fuel use reaches 145 million litres a day, above domestic production, forcing the country to rely on imports.
Source: moneycontrol.com
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