VOL. XXXVIIINO. 714 NOVEMBER 1994

Iran

Iranian Parliament Agrees To Double Fuel Prices From March 1995

The Iranian Majlis (parliament) has agreed to double domestic fuel pricesfrom March 1995, the start of the next five-year plan. The increases will takethe cost of gasoline to IR100/liter ($0.06), diesel and kerosene to IR20/liter($0.01) and fuel oil to IR10/liter ($0.005 conversions are calculated at theofficial rate of $1=IR1,750). The parliament's decision provides for furtherincreases during...