Iran doubled the price of unsubsidized gasoline to 10,000 Toman per liter starting Monday night, according to a review by the Jerusalem Center for Foreign and Security Affairs cited by The Zioneer. The government says the subsidized quota of 5,000 Toman remains for 85% of the public, but the hike is expected to hit taxi drivers, couriers, and long-distance workers hardest. The decision comes as the regime faces mounting economic pressure from war and sanctions.
Iran has doubled the price of unsubsidized gasoline effective Monday night, from 5,000 to 10,000 Toman per liter, according to an analysis by the Jerusalem Center for Foreign and Security Affairs (JCFA) cited by The Zioneer. The two subsidized personal quotas, priced at 5,000 Toman per liter, remain unchanged, but the government expects the move to primarily affect taxi drivers, couriers, and workers with long commutes who exhaust their subsidized quota.
The decision comes as the Islamic Republic faces severe economic strain from the ongoing war and US-led sanctions. As The Zioneer has previously reported, the Iranian government warned in July that a gasoline price hike was inevitable due to budget pressures, and earlier cancellations of subsidized quotas had already raised costs for many. The regime is also grappling with a weakened currency and reduced oil export revenues amid a blockade.
Analysts cited by JCFA note that the price increase could trigger public unrest, as fuel price hikes have historically sparked protests in Iran. The government claims the subsidized quotas suffice for 85% of the population and that additional revenue will fund living assistance, but the hike is likely to cascade into higher transportation and goods prices.
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