Iran-US war latest: Tehran hikes gasoline prices for heavy users as Strait of Hormuz traffic continues to fall
- Iran introduced a higher price for its heaviest gasoline users after Tehran said it will unveil new sanctions for ships trying to pass through the Strait of Hormuz following a weekend of renewed exchanges with the US.
- Under the new system, people buying more than their quota of 110 liters of gasoline a month now must pay 100,000 rials (about 7 cents) per liter, or twice as much as they have been paying since December.
- Gas price hikes can be sensitive, as seen in 2019 when an increase led to nationwide protests and a deadly crackdown.
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- Iran introduced a higher price for its heaviest gasoline users after Tehran said it will unveil new sanctions for ships trying to pass through the Strait of Hormuz following a weekend of renewed exchanges with the US.
- Under the new system, people buying more than their quota of 110 liters of gasoline a month now must pay 100,000 rials (about 7 cents) per liter, or twice as much as they have been paying since December.
- Gas price hikes can be sensitive, as seen in 2019 when an increase led to nationwide protests and a deadly crackdown.
Sources: The Independent