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Global Business News

The Economic Times

Global Business / The Economic Times

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Iran's government to raises price of petrol as US applies economic pressure

Iran will raise gasoline prices for users exceeding 110 liters monthly starting Tuesday. The price for the third quota will increase to 100,000 Iranian rials per liter. This change aims to address economic challenges and sanctions impacting the nation. Consumers using less than 110 liters will maintain current subsidized rates. The government postponed a broader price hike due to potential public unrest.

7 Sep 2026 7:06 am