Middle East Economic Survey

VOL. XLVIII

No 44

31-October-2005

IRAQ

Iraq Plans Major Petroleum Product Price Hikes By Year-End

Iraq plans to more than double the price of petroleum products by the end of the year in a long-awaited move aimed at cutting the economic incentive for smuggling and black market sales at prices above those set by the government. Regular gasoline will be increased from ID20/liter to ID50/liter, premium gasoline will be increased from ID50 to ID100/liter; diesel will be...