Tehran, July 05: Iran is to halt the sale of subsidised petrol from late September as part of plans to phase out subsidies on energy products, ISNA news agency reported today.
“Based on decisions taken, from the second half of this (Iranian) year (late September), the rationed petrol sales will be stopped,” said Mohammad Royanian, head of Iran’s fuel transportation organisation, quoted by ISNA.
Iranians are currently allocated 60 litres of petrol a month at a subsidised rate of 10 US cents. These sales would be stopped, according to Royanian, who did not reveal the new price.
President Mahmoud Ahmadinejad has proposed to phase out subsidies on energy goods that directly or indirectly cost the government as much as USD 100 billion a year.
–Agencies