Iran imposes $0.07/liter surcharge on excess gasoline buyers amid currency crisis
The Iranian government introduced a 100,000 rial surcharge for consumers exceeding their monthly gasoline quota, aiming to fund households as the national currency collapses.
Iran introduced an additional cost for gasoline buyers who exceed their monthly limit of 110 liters (29 gallons) under its new pricing system. Excess consumption now carries a fee of 100,000 rials, approximately 7 cents per liter. State oil distribution company CEO Keramat Veis Karami stated the adjustment impacts 15% of consumers. Total gasoline consumption reached a record 145 million liters daily in August against a production capacity of 122 million liters. The government cited the current situation as justification, though it did not explicitly reference conflict with the United States. Proceeds from the hike will be distributed to households. While Iran maintains globally low baseline gasoline prices, purchasing power is diminishing rapidly. The US dollar hit 2.22 million rials on Monday, and this recent move follows a similar increase in December that previously sparked widespread unrest.
