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Energy: Iran hikes fuel price by 50%
  • Vitaliy_KiselevVitaliy_Kiselev

    The council raised the cost of gasoline 50 percent, up to a minimum of 15,000 rials (13 cents) per liter, or about 50 cents per gallon. Under the measure, consumers can purchase up to 60 liters at the minimum price, after which they will be charged 30,000 rials per liter. Previously, consumers could buy as many as 250 liters at the subsidized price.

    US backed blockade slowly starts to work.

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