No. 05



Iranian Parliament Agrees 10% Rise In Prices Of Oil Products, Gas And Electric Power

Irans parliament, the Majlis, voted on 18 January to increase the prices of oil products, natural gas and electric power to domestic customers by 10% for the new year beginning 21 March. The price increase is part of a move by government under the Third Five-Year Development Plan to bring Irans domestic energy prices more in line with global market norms. Nevertheless, the...