Middle East Economic Survey

VOL. LI

No 24

16-June-2008

IRAN

Iran Plans Market-Price-Only Gasoline Sales For Luxury Cars

Irans Acting Interior Minister Mehdi Hashemi has announced that owners of luxurycars will from 21 June no longer be able to buy gasoline under quotas at the subsidized price of IR1,000/liter. Private car owners are at present allowed to buy 120 liters/month at the subsidized price, plus additional volumes at IR4,000/liter (MEES, 24 March). He said thenew rules would apply to...