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They spend a fortune on subsidises: https://en.wikipedia.org/wiki/Iranian_subsidy_reform_plan https://en.wikipedia.org/wiki/Iranian_subsidy_reform_plan 15% of
by Richard_East 7y ago
They spend a fortune on subsidises:
https://en.wikipedia.org/wiki/Iranian_subsidy_reform_plan https://en.wikipedia.org/wiki/Iranian_subsidy_reform_plan
15% of GDP!
Totally sensible to wind this back and allow prices to operate under normal market conditions.
17% of this subsidised fuel is smuggled out of the country anyway.
- MrMorden 7y agoThe only surprise here would be that only 17% of the fuel is smuggled, but there's no way in hell it's that low. Perhaps 17% is smuggled by non-IRGC-connected entities.