EghtesadOnline: Over the past several months the tire industry's profit margin has shrunk significantly thanks to the rising prices and shortages of raw materials amid hard economic times.

EghtesadOnline: Iran Tire Industry Association has sent a note to the Ministry of Industries and the Consumers and Producers Protection Organization demanding local manufacturers be allowed to raise prices by 30%.

EghtesadOnline: With tire importers grappling with government bureaucracy, which has hampered entry of goods and impeded the supply chain, tires are soon to go scarce and just like many other commodities their prices are certain to skyrocket in the coming days.