An Iranian man pumps gasoline into his car at a petrol station in Tehran on December 19, 2010.TEHRAN - Iran imposed petrol rationing and raised pump prices by 50 percent or more on Friday, in a new move to cut costly subsidies that have fuelled high consumption and rampant smuggling.
Each driver with a fuel card will now have to pay 15,000 rials per litre for the first 60 litres of petrol bought each month, the state-run National Iranian Oil Products Distribution Company said.Fuel cards were first introduced in 2007 with a view to reforming the subsidies system and curbing large-scale smuggling.
He said President Hassan Rouhani had insisted that"all extra revenues from the petrol price reform should be paid back to the people". They have also fuelled very high levels of smuggling - estimated at around 10 to 20-million litres per day, IRNA said.
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