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All tagged petrol
◢ Iran's supreme leader on Sunday threw his support behind a decision to hike petrol prices, a move that sparked nationwide unrest in which he said "some lost their lives.” The protests flared hours after it was announced that the price of petrol would be raised by 50 percent for the first 60 liters and by 300 percent for anything above that each month.
◢ Iran is reintroducing fuel cards that will cap petrol purchases in a bid to combat rampant smuggling, state media reported on Tuesday. Smuggling has boomed in recent months as the rial has plummeted against the dollar in the face of the reimposition of crippling US sanctions following Washington's withdrawal from a landmark 2015 nuclear deal between major powers and Tehran.
