EghtesadOnline: Following a sharp surge in fuel prices, Iranian authorities have rolled out measures to forestall any price hike for other services and goods.
EghtesadOnline: Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said the recent violent unrest following the rise in fuel prices was a "deep, vast and dangerous conspiracy" orchestrated by the enemies, which the Iranian people thwarted with their magnificent demonstrations.
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.
EghtesadOnline: Although most energy officials, namely Oil Minister Bijan Namdar Zanganeh, say that raising gasoline prices would be the last resort to fight rampant smuggling and curtail rising consumption, several senior economists disagree.
EghtesadOnline: Although the three branches of government (executive, legislative and judicial) have come to the conclusion that gasoline prices should increase, there is still no consensus among MPs about the sensitive subject, a lawmaker said.
EghtesadOnline: The plan to resume the use of fuel cards by car owners will come into effect in August with the aim of curbing fuel smuggling that has taken a turn for the worse over the past months.
EghtesadOnline: With rumors circulating on social media that sooner or later the Iranian government will be forced to increase fuel prices and start rationing gasoline, demand for CNG-hybrid vehicles has soared.
EghtesadOnline: U.S. sales of new cars and trucks hit a record high in 2016, automakers said on Wednesday, and investors bid up shares in the sector as strong consumer confidence and relatively low fuel prices bolstered the industry's outlook.