Iran raised the retail price for gasoline above the rationed 110‑liter allowance, doubling the cost for excess fuel to 100,000 rials per liter from 50,000; the price for the first 110 liters remains unchanged. Officials framed the move as part of months-long deliberations to curb subsidy costs amid falling government revenue and sustained economic pressure from US sanctions and a US naval blockade of Iranian ports. Tehran noted domestic pump prices remain among the world’s lowest. Parliament spe

Iran raised the retail price for gasoline above the rationed 110‑liter allowance, doubling the cost for excess fuel to 100,000 rials per liter from 50,000; the price for the first 110 liters remains unchanged. Officials framed the move as part of months-long deliberations to curb subsidy costs amid falling government revenue and sustained economic pressure from US sanctions and a US naval blockade of Iranian ports. Tehran noted domestic pump prices remain among the world’s lowest. Parliament speaker Ghalibaf said Iran’s current gasoline output can meet demand if consumption is rational, urged conservation and said industry—rather than households—bears part of the responsibility for high consumption.