NO. 27


Iran Increases Domestic Product Prices

Iran has doubled the domestic price of a number of petroleum products in linewith a decision taken by the Majlis (parliament) last November (MEES, 14November 1994). The new prices went into effect on 21 March, at the start of theIranian new year. Regular gasoline was increased from IR50/liter to IR100/liter($0.06), super gasoline from IR70/liter to IR140/liter ($0.08), fuel oil fromIR10/liter to IR20/liter ($0.01), and gas...