Gasoline

Iran’s Three-Tier Gasoline Plan: A Costly Reform in One of the World’s Cheapest Fuel Markets

PoliticsWhile the global average price of gasoline exceeds USD 1 per liter, Iranian drivers still pay less than 10 cents—a rare price gap that has made Iran one of the cheapest energy markets in the world. Yet this heavy subsidy has now become one of the government’s most pressing economic challenges, bringing the debate over price reforms and a three-tier pricing system back to the forefront.