Last update 11:56:33 AM


Iran News, Latest Updates and Breaking News from Iran | اخبار ايران 

The Iranian regime has increased the prices of semi-subsidized and free market gasoline. The semi-subsidized gasoline will be presented at 7,000 rails per litter. It was previously sold at 4,000 rials.

For citizens in Iran, the skyrocketing price of gasoline in relation to the value of their national currency, the rial, is shocking.

In 2007 when fuel was rationed for the first time there was widespread protests in Iran. With that memories, the Iranian regime's state security forces have been put on alert.

The surge in prices coincides with troubling economic conditions that include steep inflation, a sharply devalued currency and high unemployment.

The increase in gasoline prices follows this month surge in public transportation costs by up to 25 per cent. Taxi, metro and bus fares will all rise next month.
In February also there has been 20 percent increase in water and electricity prices.

Some members of the regime's parliament and experts have warned that resentment is building over the steep price increases and that public protests could follow.

More than six months after Hassan Rouhani took office, hopes of a quick economic recovery are fading among ordinary Iranians, business owners and investors.

 


Iran News in Brief - 1 March 2015


 

 

Islamic fundamentalism: Roots, Solutions, Iranian Regime’s Role

Speech by Maryam Rajavi at Council of Europe

   READ MORE

 

Latest News

IAEA chief: Iran is not handing over key nuclear information

March 02, 2015

Almost 8 out of 10 Americans see a nuclear Iran as a ‘critical threat’

March 02, 2015

Iranian Resistance best hope of beating Islamic extremism that began in Iran, British peer writes

March 02, 2015

IRAN: Teachers hold protests in 28 cities despite regime’s suppressive measures

March 02, 2015

NCRi on Twitter