Middle East Economic Survey


No 8



Majlis Draft Bill Calls For Doubling Of Subsidized Gasoline Prices

Majlis Energy Commission member Moayyed Hosseini-Sadr tabled a bill on 15 February calling for a 100% increase of the price of subsidized gasoline to IR2,000/liter (approximately 20 cents/liter) in the year starting on 21 March 2009. The bill also calls for the freezing of the price of gasoline sold in the free market at IR4,000/liter, while increasing the gasoil price to...