AFP, Tehran :
Iran imposed petrol rationing and raised pump prices by 50 per cent or more on Friday, in a new move to cut costly subsidies that have fuelled high consumption and rampant smuggling.
The Islamic republic provides some of the most heavily subsidised petrol in the world, with the pump price previously standing at just 10,000 rials (less than nine US cents) a litre.
Each driver with a fuel card will now have to pay 15,000 rials (13 US cents) per litre for the first 60 litres of petrol bought each month, the state-run National Iranian Oil Products Distribution Company said.
Each additional litre will be charged at 30,000 rials.
Fuel cards were first introduced in 2007 with a view to reforming the subsidies system and curbing large-scale smuggling.
Iran imposed petrol rationing and raised pump prices by 50 per cent or more on Friday, in a new move to cut costly subsidies that have fuelled high consumption and rampant smuggling.
The Islamic republic provides some of the most heavily subsidised petrol in the world, with the pump price previously standing at just 10,000 rials (less than nine US cents) a litre.
Each driver with a fuel card will now have to pay 15,000 rials (13 US cents) per litre for the first 60 litres of petrol bought each month, the state-run National Iranian Oil Products Distribution Company said.
Each additional litre will be charged at 30,000 rials.
Fuel cards were first introduced in 2007 with a view to reforming the subsidies system and curbing large-scale smuggling.
