Middle East Focus-Arabia Deserta: Iran to Raise Petrol Prices, Sanctions Expected, Elections Eyed………

Arabia Deserta

Iran to Raise Petrol Prices, Sanctions Expected, Elections Eyed………

“Iran has announced it will cut the volume of its cheap petrol ration by 25% to 60 litres per vehicle per month from 21 March. Currently, each vehicle is allowed a quota of 80 litres of fuel at 10 cents a litre, with any amount needed on top of that priced at 40 cents. That compares to a UK price that has been averaging £1.12 a litre ($1.68) and is forecast to reach £1.20. The move comes as Iran faces potential sanctions on its petrol imports. Washington has accused Tehran of pursuing a nuclear weapons programme and has asked its allies to tighten sanctions on the Islamic republic………”

Probably a sign that they expect imports of refined oil to be tightened soon. Still 10 cents a liter (even an average of 20 cents a liter) is a damn cheap price to pay compared to what you’d pay in, say, Seattle.
The worry for the regime is that tougher economic conditions may be reflected in coming parliamentary and municipal elections, even with the expected restrictions on some candidacies.
Now, if only some fool in the West or Israel should decide to start a nice shooting war.........
Cheers
mhg

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