The United States has tightened sanctions to isolate the Iranian\neconomy amid an ongoing conflict between the two countries. Under this\npressure, the Iranian authorities have raised petrol prices for\nconsumers with high levels of usage.<\/p>\n
Iran\u2019s quota system sets petrol prices at three tiers. The price is\nset at 1,500 toman per litre for the first 60 litres used in a month,\nthen 3,000 toman per litre for the next 50 litres, and 5,000 toman per\nlitre for usage above that amount.<\/p>\n
The toman is a unit of account and informal currency widely used in\neveryday life in Iran. One toman is equivalent to 10 Iranian rials.<\/p>\n
According to AFP on Monday (7 September 2026), Iranian government\nspokesperson Fatemeh Mohajerani announced on Sunday (6 September) that\nthe third-tier price would double to 10,000 toman per litre.<\/p>\n
\u201cThe tariff will rise to 10,000 toman starting the morning of 8\nSeptember,\u201d Mohajerani said in a statement released by Iranian state\nmedia.<\/p>\n
\u201cVarious figures were discussed in meetings of experts, but because\nthe president (Masoud Pezeshkian) had made a promise to the public, the\ntariff of 10,000 toman was adopted,\u201d she said.<\/p>\n
In a follow-up statement, Mohajerani said petrol prices for the first\nand second tiers would remain unchanged.<\/p>\n
Iran is a major oil producer with some of the cheapest fuel prices in\nthe world, having provided large petrol subsidies for years. This makes\nany change in price a politically sensitive issue.<\/p>\n
The development comes as the Iranian currency was traded on the black\nmarket on Sunday (6 September) at an exchange rate of more than 2.2\nmillion rials to the US dollar, based on websites monitoring the\ncurrency\u2019s exchange rate.<\/p>\n
Before war broke out in the Middle East on 28 February, the Iranian\nrial stood at around 1.7 million rials to the US dollar. At the end of\nApril, the exchange rate touched a record low of 1.8 million rials to\nthe US dollar.<\/p>\n
At the end of last month, US Treasury Secretary Scott Bessent set out\nplans to \u201cstrangle the Iranian economy\u201d, in the hope of using financial\npressure to hasten the end of the war.<\/p>\n
These new measures complement the sanctions regime imposed by the US\nand its allies since 2018, when US President Donald Trump withdrew his\ncountry from the international agreement with Iran over its nuclear\nprogramme.<\/p>\n
The US has also imposed a naval blockade on Iranian ports in an\neffort to push the country\u2019s oil exports down to zero.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/squeezed-by-us-sanctions-irans-petrol-prices-soar-1788828763", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }