Iranians’ consumption of fuel including gasoline, diesel fuel and kerosene has decreased, reversing the trend of the past decade when the nation’s energy consumption increased on average by six percent a year, Deputy Minister of Economy Mohammad-Reza Farzin said.
In December, Iran started phasing out three-decade-old subsidies under a five-year plan and replacing them with cash payments to the population. The implementation of the plan has so far been “successful,” Farzin said.
Iranians now pay 4,000 rials (40 cents) a liter for 50 liters a month and 7,000 rials a liter for larger volumes. They previously paid a subsidized price of 1,000 rials a liter for a monthly maximum of 60 liters.