News : Economy

Iran: Rouhani’s government officially raised price on four energy products

Eshaq Jahangiri,Rouhani’s first deputy, ordered the executive apparatus to implement the act ratified by the cabinet to increase the price of liquid gas (capsules), balk liquid gas, kerosene and Fuel oil . This increase in prices that follows a hike in the water and electricity prices and more than doubling of the price of bread has the deprived class of Iran acutely worried.

According to the state-run Tasnim news agency of April 9, government has raised the price of liquid gas (in capsules) for home usage by 16%, kerosene used by Iranian households for heating and cooking by 50%, and the Fuel oil used mostly by bakeries by 25%. 

Mullah Rouhani’s Minister of Economic Affairs and Finance Ali Tayebnia had previously acknowledged a plan to swindle and plunder people’s wealth by raising the cost of energy products and said, “The law for budget allows the government to acquire around seven billion dollars from a hike in prices. The government plans to increase the cost of energy products gradually.” (Fars news agency, affiliated with the IRGC – April 4)