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Monday, May 7, 2012

Iran Not to Triple Gasoline Price

The Iranian government today denied it would treble the price of gasoline as part of the second phase of the government-subsidy removal reforms. On Friday, the speaker of Majlis, Ali Larijani, told reporters in Tehran that the government intended to do exactly that, to triple gasoline price to pay for monthly cash payouts. A statement issued by the office of President Ahmadinejad said the speaker’s comments were “entirely false.” [Fars News Agency, 7 May].

The Iranians now pay 7,000 rials per liter for gasoline, or roughly $2.20 per gallon at the official currency rate, after they use up their monthly allowance of 50 liters (13 gallons) at 4,000 rials per liter ($1.25 per gallon). Speaker Larijani said on Friday that the government wanted to increase the price to 20,000 rials per liter or $6.20 per gallon.

2 comments:

  1. The price is still cheap because in the US it's $4 per gallon at minimum.

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  2. Yes the gas prices are cheaper in Iran compare to US, but The US average income is also much higher than Iran...

    ReplyDelete