Iran Raises Fuel Prices to Curb Consumption Amid Economic Pressure

The adjustment targets consumption levels beyond the standard tiers, which remain fixed at 15,000 and 30,000 rials per litre. This policy shift follows a December price increase, marking a continued effort by the OPEC nation to stabilize its fuel market. Officials emphasize that the vast majority of consumers will not see their costs rise, provided they stay within the established 110-litre limit.

Authorities remain cautious regarding the move, mindful of the 2019 unrest triggered by similar fuel reforms. Despite these adjustments, Iran maintains some of the lowest gasoline prices globally, a reality that complicates efforts to curb excessive usage. The government views this tiered strategy as a necessary measure to navigate the fiscal limitations imposed by international trade restrictions.