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Iran increases gas prices for top tier
The price of gasoline for the highest consumption category in Iran has been raised to 10,000 tomans per liter, starting from September 8. This move coincides with a significant deterioration in the value of the local currency, as the black market exchange rate for the rial has reached approximately 2.2 million against the dollar, compared to about 1.7 million before the outbreak of the Middle East war. The decision comes amid increasing American pressure on the Iranian economy, including a maritime blockade on ports and a reduction in oil exports. This follows a record decline in the rial's value and the government's failure to support fuel prices, which are among the cheapest in the world.
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