Iran looks to repair damaged filling stations, following fuel-hike riots

Business Materials 22 November 2019 19:25 (UTC +04:00)
Iran looks to repair damaged filling stations, following fuel-hike riots

TEHRAN, Iran, Nov. 22


After the gasoline price hike, some of the fuel stations in Iran were damaged or burned down, head of Iran's filling stations union Mustafa Mahmoudi said, Trend reports via IRNA.

"We are consulting with insurers to pay for the damage," said Mahmoudi.

“A number of stations have been damaged in districts such as Gharchak, Shahriar, central Tehran, Kianshahr, Piruzi and Shohada Square in Tehran,” he said.

He went on to point out that after enforcement of first quota policy in 2007 in Tehran, 23 fuel stations were damaged.

“At that time, National Iranian Petroleum Products Distribution Company paid for damages itself, but it was unclear whether this company will pay for any damages this time or not,” said Mahmoudi.

"Filling station insurance is a full one, and there's also a riot insurance, however, it is not clear to what extent insurance companies will be involved in paying damages."

He said insurance experts should determine the extent of damages of the fuel stations.

"A number of sites have been visited and experts will visit other sites in the next few days," he said.

"Of course, determining the damages and paying for it must be done quickly,” Mahmoudi emphasized.

Iran, reeling from the economic impact of US sanctions, has taken the long-awaited decision to increase petrol prices by at least 50 percent, provoking five days of protests.