EghtesadOnline: Friend and foe have been trying hard to figure out what happened and why in the eight days after the government decided to cut fuel subsidies, sending gasoline prices to levels unseen in Iran ever since oil was discovered more than a century ago.
EghtesadOnline: Gasoline rationing that started on Nov. 15 will not have any significant effect on curbing air pollution if the temperature is below 15° C, head of the Department of Environment said.
EghtesadOnline: Underprivileged provinces will receive bigger shares from the government’s fresh cash subsidy as compensation for the recent hike in gasoline prices, known as the Livelihood Assistance Program.
EghtesadOnline: Following the abrupt government decision to raise gasoline prices and sell it at two rates from November 15, consumption fell by at least 20% over a 10-day period, the National Iranian Oil Products Distribution Company (NIOPDC) announced Tuesday.
EghtesadOnline: So long as state-run automakers keep manufacturing low-quality vehicles, the people will be the main victims who have to face the economic burden stemming from the unprecedented rise in gasoline prices, a former head of the Iranian Fuel Conservation Company said.
EghtesadOnline: The National Iranian Oil Products Distribution Company will offer 26,000 tons of gasoline on the Iran Energy Exchange on Tuesday.
EghtesadOnline: The latest rationing and doubling of gasoline prices that started out of the blue last Friday (Nov. 15) will annually generate up to $5.5 billion in export revenue for the government, a board member of the Iranian Oil, Gas and Petrochemical Products Exporters’ Association said.
EghtesadOnline: Since the government rationed and raised the price of gasoline on Nov. 15, the public transportation fleet in Tehran has served 20% more passengers, Tehran City Council Chairman Mohsen Hashemi said.
EghtesadOnline: Gasoline consumption should decline by at least 10% in the coming three months, head of the National Iranian Oil Products Distribution Company (NIOPDC) said.
EghtesadOnline: Sale of gasoline on the Iran Energy Exchange will not be affected by the government decision on Friday to increase fuel prices and assign quotas, the managing director of IRENEX said.