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Iran: Drivers outraged as government raise fuel prices by 50%02:52

Iran: Drivers outraged as government raise fuel prices by 50%

Iran, Islamic Republic of, Tehran
November 15, 2019 at 16:11 GMT +00:00 · Published

Iran: Drivers outraged as government raise fuel prices by 50%

Iran's government announced the rationing of the petrol purchases in early hours of Friday, causing an immediate 50 per cent hike in fuel prices and provoking the ire of drivers.

A number of commuters were interviewed by Ruptly at a petrol station in Tehran.

Petrol prices subsidised by the Islamic republic have increased to 15,000 Rials ($0.35; €0.32) per litre for the first 60 litres of petrol bought each month. Each additional litre will cost 30,000 Rials ($0.71; €0.64).

The rates still remain among the lowest in the world.

The government said that the income generated from the reform would help to purchase basic goods and medicines, pay pensions and employees of state-owned institutions, easing the burden of US sanctions on the national economy.

Iran: Drivers outraged as government raise fuel prices by 50%02:52
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Description

Iran: Drivers outraged as government raise fuel prices by 50%

Iran's government announced the rationing of the petrol purchases in early hours of Friday, causing an immediate 50 per cent hike in fuel prices and provoking the ire of drivers.

A number of commuters were interviewed by Ruptly at a petrol station in Tehran.

Petrol prices subsidised by the Islamic republic have increased to 15,000 Rials ($0.35; €0.32) per litre for the first 60 litres of petrol bought each month. Each additional litre will cost 30,000 Rials ($0.71; €0.64).

The rates still remain among the lowest in the world.

The government said that the income generated from the reform would help to purchase basic goods and medicines, pay pensions and employees of state-owned institutions, easing the burden of US sanctions on the national economy.

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