Financial Times FT.com

Iranians lose access to unlimited cheap fuel

By Gareth Smyth in Tehran

Published: March 8 2007 14:54 | Last updated: March 8 2007 14:54

Iran’s parliament this week set May 22 as the day when the country’s 15m motorists lose access to unlimited cheap fuel.

Pump prices, frozen for three years at 80 tomans (or 9 cents) a litre, have boosted consumption far beyond the capacity of Iran’s oil refineries and meant that 40 per cent of petrol has had to be imported.

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