TEHRAN, Iran — Iran has introduced a new pricing tier for its subsidized gasoline, marking the first price adjustment since 2019.
The move comes as the country grapples with a depreciating currency and economic sanctions.
The revised system, implemented Saturday, adds a third pricing level, allowing motorists to receive 60 liters (15 gallons) per month at the subsidized rate. Anything beyond that falls under the new pricing scheme.
Despite the changes, Iran’s gasoline prices remain among the lowest in the world.
The last significant price hike six years ago sparked nationwide protests, leading to a crackdown that reportedly killed over 300 people.
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