Iran cuts subsidized gasoline for vehicles

Iran has announced a reduction in the allocated gasoline quotas for vehicles, while maintaining the subsidized price of 1,500 toman, according to a new decision. The 60-liter quota at the subsidized price will remain unchanged, whereas the 70-liter quota will be reduced from 3,000 toman to 50 liters, and the 30-liter quota will be decreased from 5,000 toman to 15 liters. The Vice President of the Parliament confirmed that the price of subsidized gasoline will not be raised, and no fourth price tier will be adopted. This move comes after statements indicating that gasoline quotas will be definitively reduced, as part of measures to cut government subsidy consumption.

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