Iranians lose access to unlimited cheap fuel

Iran

With Iran facing further UN sanctions over its nuclear and missile programmes, politicians have opted to dampen demand by a combination of rationing and higher prices.

Parliament decided on Wednesday to limit annual petrol subsidies to $2.5bn, and Iranian news wires have reported the new rationed price will be 100 tomans (11 cents) a litre, with extra fuel sold at a higher price.

Financial Times