Iran’s subsidy reform: moving ahead
Submitted by ISPI on Tue, 07/07/2015 - 12:46by Michele Delera - Last month Mr Rouhani’s cabinet raised domestic fuel prices by 40 percent, and gas prices to households and commercial consumers by 15 percent. The move comes as part of a wider government effort – which also includes a planned depreciation of the official exchange rate, by 10 percent – to bring some relief to the country’s strained public finances.