Fri. 8:58 a.m.: Fuel rations, price hike hit Iranians amid plunging economy
TEHRAN, Iran (AP) — Many Iranians are angry after authorities abruptly raised fuel prices by up to 50 percent and imposed rationing without any prior warnings to the public.
Across the capital, Tehran, long lines of cars waited for hours at pumping stations following the overnight changes in energy policy.
In several locations, Iranian police were seen deployed near gas stations.
Iranian officials say the proceeds from the price hikes are earmarked to fund subsidies for low-income families.
The decision came following months of speculations about possible rationing. The U.S. withdrew from Tehran’s nuclear deal with world powers last year, and re-imposed crippling trade sanctions that sent the Iranian economy into free-fall.
According to Iran’s President Hassan Rouhani, the country is facing its “most difficult” time in decades.