Iran implements new three-tier gasoline pricing system

gasoline price hike fuel subsidies Iranian economy petrol rationing inflation

Iran has implemented a new three-tier gasoline pricing system to address economic challenges and reduce fuel consumption. Under this structure, the first 60 liters of monthly consumption are priced at 1,500 tomans, and the subsequent 50 liters are priced at 3,000 tomans. For consumption exceeding the 110-liter monthly quota, the price for the third tier has increased to 10,000 tomans per liter.

This adjustment comes amid significant economic pressure, including high inflation and a weakening rial. The government stated that the revenue generated from these increases will be used to support public livelihoods. Officials noted that the move is intended to encourage more efficient fuel use and manage the country's fuel imbalance.

Some reports indicate that the fuel price hike is occurring as Iran faces difficulties in oil exports and revenue due to international sanctions and maritime blockades. The increase has raised concerns regarding the cost of living and potential inflationary effects on goods and services.

Entities

Fatemeh Mohajerani · Government of Iran · Iran · Iranian government · Masoud Pezeshkian · Mohammad Bagher Ghalibaf · Mohammad Sadegh Azimifar · National Iranian Oil Refining and Distribution Company · Scott Bessent · U.S. Department of the Treasury · United States · United States Department of the Treasury

Claims

What the coverage asserts, and how many sources carry each claim.

[● 4 SOURCES] Approximately 85 percent of the population can meet their fuel needs within the existing 110-liter subsidized quota. www.bourse24.ir · www.etemadonline.com · gilkhabar.ir · www.khabarfoori.com
[○ 1 SOURCE] Current gasoline reserves in Iran may only last for approximately two months. ir.voanews.com
[● 10 SOURCES] The first 60 liters at 1,500 tomans and the next 50 liters at 3,000 tomans per liter will remain at current rates. www.bourse24.ir · www.etemadonline.com · ir.voanews.com · www.energymag.gr · gilkhabar.ir · +5 more
[● 8 SOURCES] The price of gasoline sold using station cards will increase to 10,000 tomans starting September 8. www.bourse24.ir · www.etemadonline.com · ir.voanews.com · www.energymag.gr · gilkhabar.ir · +3 more
[● 6 SOURCES] Revenue generated from the price increase will be used exclusively to support public livelihoods. www.bourse24.ir · www.etemadonline.com · ir.voanews.com · euronews.bg
[● 9 SOURCES] The price of gasoline for the third tier of consumption will increase to 10,000 tomans. baotintuc.vn · www.bourse24.ir · www.energymag.gr · gilkhabar.ir · aftabnews.ir · +4 more
[○ 1 SOURCE] The price increase is intended to encourage more efficient fuel use. www.chennaionline.com