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Iranians awoke on Friday to discover that the cost of petrol had jumped 50 per cent overnight as authorities in the Islamic republic reduced subsidies, meaning that each motorist could get 60 litres of petrol a month at IR15,000 a litre, a 50 per cent price increase. Extra fuel would still be available, but at IR30,000 a litre.
Iranians Protest Against Petrol Price Rise
Iranians awoke on Friday to discover that the cost of petrol had jumped 50 per cent overnight as authorities in the Islamic republic reduced subsidies, meaning that each motorist could get 60 litres of petrol a month at IR15,000 a litre, a 50 per cent price increase. Extra fuel would still be available, but at IR30,000 a litre.