Iranian Oil Minister Javad Owji has rejected reports about an imminent fuel price hike in the country as he insists that the government will continue to provide gasoline and diesel at heavily subsidized prices at least until March 2024. I have time and again reiterated (that) the government and parliament have absolutely no plans for increasing ...

Financial Tribune | Hamid Molazadeh: Officials including oil minister, Bijan Namdar Zanganeh, say fuel prices need to increase. Should that not happen, they claim, rampant smuggling (10 million liters/day!) as well as domestic consumption (95m liters/day) will persist and likely get worse Drawing parallels between average annual income in Iran ...

Financial Tribune - If the past is anything to go by, as soon as fuel becomes costly, price gauging and inflation follow. General prices increase at least by 14% and the number of people unable to make ends meet goes up Although most energy officials, namely Oil Minister Bijan Namdar Zanganeh, say that raising gasoline prices would be the last resort ...

Financial Tribune - A lthough the three branches of government (executive, legislative and judicial) have come to the conclusion that gasoline prices should increase, there is still no consensus among MPs about the sensitive subject, a lawmaker said. Jalal Mirzaei says part of the disagreement is because of the upcoming parliamentary election to ...

Daily look at Irans late-breaking news and upcoming events:   Iran may scale down on its commitments as part of nuclear deal Iran signaled that it may scale down on its commitments as part of the 2015 nuclear deal to retaliate against an exit by the U.S. from the international accord and the Trumps administrations reimposition of sanctions....

MNA Lawmakers have decided against increasing fuel prices in the country, said Iranian Parliament Speaker Ali Larijani after a closed session on Monday. Briefing todays closed session of the Parliament on fuel, Larijani said that under the current circumstances, Parliament does not agree on rationing fuel and increasing its price. He went on ...

Iran has raised fuel prices by 40 percent and scrapped an eight-year-old rationing program for private motorists as President Hassan Rouhanis government seeks to shore up public finances. Gas stations will sell regular fuel for 10,000 rials (36 U.S. cents), a liter, said Naser Sajadi, head of national Iranian Oil Products Distribution Co., according ...

Daily look at Irans late-breaking news and upcoming events:   Tehran, Riyadh optimistic on ties prospects: Deputy FM Visiting Deputy Foreign Minister of Iran for Arab-African Affairs Hossein Amirabdollahian said on Monday that Iran has taken steps to exchange views with Saudi Arabia as a major regional country.   Iraqs territorial integrity ...

[caption id="attachment_151620" align="alignright" width="185"] This file photo shows cars gassing up at a petrol station near Tehran.[/caption] The Iranian parliament (Majlis) has approved a five-percent increase in fuel prices for the next fiscal year starting March 21, amid falling oil prices. The Iranian lawmakers voted in favor of fuel price ...

TEHRAN Jan 22 (Shana): Two senior members of the Majlis Energy Committee have said that no decision has been made for raising gasoline prices in the next Iranian year starting in March. Hossein Dehdashti, Ali Marvi and Mousa Ahmadi have said that the Majlis Energy Committee has not yet made any decision about higher fuel prices. Their remarks are ...