Talks launched to increase energy prices in Iran

Iran Materials 16 January 2012 18:36 (UTC +04:00)

Azerbaijan, Baku, Jan. 16 / Trend M. Moezzi /

Members of Iran's Majlis (parliament) will meet with colleagues from the administration to discuss the increase in energy prices within the second phase of Iran's targeted subsidies program, Fars news agency reported.

The meeting began on Monday afternoon with Minister of Economic and Financial Affairs, Seyed Shamseddin Hosseini.

The Iranian government pays each citizen $45 a month as a compensation for a part of its commodities and energy subsides which were cut when the targeted subsidies program began a year ago.

The phase two of the targeted subsidies program is to include higher energy prices for consumers.