Petrol prices in Iran to increase by 20 percent
Azerbaijan, Baku, April 4/ Trend M. Moezzi
Petrol prices in Iran are slated to increase 20 percent by late June, the website alef.ir reported.
Iran's Majlis (parliament) banned a price hike before late June after there were news reports that Iranians would face higher petrol prices on Monday, after their two-week New Year's holiday.
The 20 percent price increase means a liter of petrol will cost 68 cents instead of the 57 cents that the citizens pay now.
Last year, President Mahmoud Ahmadinejad's government ended petrol subsidies to drive down petrol consumption and save the country money it spent on fuel imports. Iran began to ration petrol two years ago.
The Iranian government pays each citizen $35 a month as a compensation for a part of its commodities and energy subsides which were cut in December 2010.