Iran is to halt the sale of subsidized gasoline from late September as part of plans to phase out subsidies on energy products, ISNA news agency reported Monday.
Iran
is to
halt the sale of subsidized gasoline from late September as part of plans to
phase out subsidies on energy products, ISNA news agency reported Monday.
"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 liters (13 gallons) of gasoline a month at
a subsidized rate of 1,000 rials (10 US cents) a liter. These sales would be
stopped, according to Royanian, who didn't 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 $100 billion a
year.
His budget proposals for the current Iranian year to March 2011 is marked by
the start of a major plan to scrap costly subsidies on energy goods, but
economists have strongly criticized the policy as inflationary.
The removal of subsidies is to be a gradual process due for completion by March
2015, the end of a five-year development plan.
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