Iran doubles petrol price for heavy users as currency touches record low
- Iran doubles petrol pricesIran has doubled the price of petrol for consumers who exceed their monthly quota, putting a higher cost on heavy fuel use as households already grapple with falling purchasing power and soaring inflation.
- The revised rate came into effect early Tuesday and applies to purchases above 110 litres (29 gallons) a month.
- Consumers crossing that limit will now pay 100,000 rials (about 7 cents) per litre, compared with the rate introduced in December.
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- Iran doubles petrol pricesIran has doubled the price of petrol for consumers who exceed their monthly quota, putting a higher cost on heavy fuel use as households already grapple with falling purchasing power and soaring inflation.
- The revised rate came into effect early Tuesday and applies to purchases above 110 litres (29 gallons) a month.
- Consumers crossing that limit will now pay 100,000 rials (about 7 cents) per litre, compared with the rate introduced in December.
Sources: Times of India