Iran has raised gasoline prices for its highest-consuming users, state media reported early Tuesday, marking the second fuel price increase since December as the economy faces mounting pressure.
The move comes amid months of economic strain linked to the ongoing conflict, although the government did not directly refer to the war with the United States in its announcement. It cited the “current situation” and said additional revenue from the price increase would be distributed among households, reports AP.
Under the revised pricing system, motorists using more than their monthly quota of 110 litres of gasoline will now pay 100,000 rials (around 7 US cents) per litre. The new rate is double the price introduced in December.
Fuel price increases remain politically sensitive in Iran and could fuel inflationary pressures. A similar hike in 2019 triggered nationwide protests, followed by a government crackdown that reportedly killed more than 300 people.
