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: After the government elevated the status of tire companies' raw material imports to 'high priority', the Islamic Republic of Iran Customs Administration released a statement saying that the firms will be eligible for subsidized foreign currencies at the rate of 42,000 rials to the USD.

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%.