Iran will raise the petrol price above its monthly 110-litre subsidised quota from 5,000 to 10,000 tomans per litre on September 8. The first 60 litres will still cost 1,500 tomans per litre and the next 50 will cost 3,000. Government spokesperson Fatemeh Mohajerani announced the decision on Sunday, keeping the two lower price tiers unchanged.
Drivers in Iran who buy more than 110 litres of petrol a month will pay 10,000 tomans per litre for purchases above that limit. Government spokesperson Fatemeh Mohajerani announced the decision on Sunday, doubling the third-tier price from 5,000 tomans. She said the new rate would take effect on the morning of September 8, raising the amount payable per litre outside the quota.[1], [2]
The first 60 litres of the monthly allocation will continue to cost 1,500 tomans per litre. The next 50 litres will remain at 3,000 tomans. Mohajerani subsequently clarified that neither of those lower tiers would change. Purchases within the combined 110-litre subsidised allocation will therefore continue at the existing rates; the increase applies to petrol bought above it.[1], [2]
Mohajerani said several possible prices had been considered in expert meetings. According to the spokesperson, the government settled on 10,000 tomans in line with a commitment the president had previously made to the public. Iran has long heavily subsidised petrol and has some of the world's lowest pump prices. Previous increases have been politically sensitive; the latest decision preserves the subsidised allocations while changing the third tier.[1]
