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Iran to Double Non-Subsidized Gasoline Price as Consumption Rises

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Iran will double the price of gasoline sold beyond subsidized limits to 10,000 tomans ($0.07) per liter from 5,000 tomans starting Sept. 8, government spokesperson Fatemeh Mohajerani said Sunday, according to multiple media reports.

The increase will not affect the existing monthly quotas, which give motorists 60 liters at 1,500 tomans per liter and another 50 liters at 3,000 tomans per liter, Mohajerani said.

Mohajerani said the price increase aims to curb rising gasoline consumption linked to current conditions and past policies while keeping supply and demand in balance. Iran's Ministry of Petroleum did not immediately reply to' request for comment.

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