Iran will raise the price of gasoline for users surpassing 110 liters per month starting on Tuesday, a government spokesperson said on Sunday, as it steps up efforts to tackle problems created by the war and crippling US economic sanctions.
The price of the first and second quotas, which include 110 liters, will remain unchanged, but the price of the third quota will be raised to 100,000 Iranian rials per liter (around 4 US cents based on the free-market rate), Fatemeh Mohajerani said in comments carried by state media.
The increase in Iran's gasoline price, which is one of the lowest in the world, was discussed by the government and postponed amid concerns it could trigger new protests. Iran experienced widespread protests in 2019 over the same issue.
Iran adjusts fuel prices to meet 'current conditions'
The higher fuel price will only affect consumers who require more than 110 liters per month and is due to "current conditions," Mohajerani said.
Other motorists can still buy up to 60 liters at 15,000 rials per liter and an additional 50 liters at 30,000 rials per liter, she added.
In December, Iran partially raised the price of its subsidized gasoline for most users, as the OPEC member sought to control rising fuel demand.