EghtesadOnline: The parliamentary body responsible for reviewing the budget bill, the Majlis Joint Commission, has approved the pooling of next year’s revenues gained from the implementation of the Targeted Subsidies Law of 2010 and those earned from raising gasoline price since mid-November 2019.
EghtesadOnline: Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on Wednesday granted his approval to recommendations made by Iran’s top security official regarding the cases of people killed or injured during the recent violent unrest that erupted after the government announced a sharp rise in gasoline price.
EghtesadOnline: Since the government got the ball rolling on gasoline price reform on Nov. 15, by rationing and raising the price of fuel by at least 50%, officials such as Oil Minister Bijan Namdar Zanganeh have declared that revenues earned from the new fuel price hike, in their entirety, would be redistributed among the people.
EghtesadOnline: A senior diplomat denounced US Secretary of State Mike Pompeo’s backing for rioters who took advantage of protests over gasoline price hike in Iran over the past few days, saying the US is not sympathetic toward the Iranian people but supports the spread of chaos.
EghtesadOnline: Spokesman for the Judiciary stated on Tuesday that foreign elements have been proved to be involved in the protests in Iran against the gasoline price rise.
EghtesadOnline: Prices of gasoline and oil derivatives will experience no change until the end of the current fiscal year that started on March 21.
EghtesadOnline: A worldwide slump in government bonds resumed after an unexpected pickup in Chinese manufacturing fueled optimism about the global economy. Futures on the S&P 500 Index advanced, copper reached a one-month high, gold rallied and the dollar weakened.