Gas Price Rise Makes Road Transport More Attractive

EghtesadOnline: The number of passengers using road-based public transport services has increased to 100 million in the nine Iranian months ending Dec. 21 from 92 million during last year’s corresponding period, says an official with Iran Road Maintenance and Transportation Organization.

News ID: ۷۸۵۲۳۷

11 January 2020

Dariush Baqer-Javan added that this is mostly because of the rise in gasoline price since mid-November, ILNA reported.

On Nov. 15, the National Iranian Oil Products Distribution Company announced that gasoline has been rationed and prices raised by at least 50-200%, according to Financial Tribune.

Since then, private car owners can buy 60 liters of subsidized gasoline every month with a fuel card at 15,000 rials (10 cents) per liter, up 50%. Additional purchases (maximum 250 liters a month) will cost 30,000 rials (21 cents) per liter, up 200%.