VOL. XXXVII
NO. 48
29-AUGUST-1994
Iran
More On Oil Ministry's Plan To Cut Local Fuel Subsidies
More details have emerged on the Iranian Oil Ministry's proposals to abolishsubsidies on local oil and gas products. The greatest obstacle to abolitionappears to be how to offset the economic impact of lifting the subsidies so thatpoorer citizens do not suffer a further drop in living standards. The need, inprinciple, to abolish the subsidies does not seem to be in doubt. The OilMinister, Mr. Gholamreza...
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