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TEHRAN, Iran -- Iran jumped gasoline prices 25 percent Tuesday in a new blow to consumers already disgruntled over high inflation, and the government said it will begin rationing fuel in two weeks.
On Sunday, the government had said it would not increase fuel prices "at the moment." So drivers were shocked Tuesday morning to find gasoline prices were raised overnight to the equivalent of 38 cents a gallon from 30 cents.
But wages are much lower in Iran, where annual income averages $2,600 a person, compared to $43,500 in the United States, according to a 2005 World Bank survey.
On Sunday, the government had said it would not increase fuel prices "at the moment." So drivers were shocked Tuesday morning to find gasoline prices were raised overnight to the equivalent of 38 cents a gallon from 30 cents.
But wages are much lower in Iran, where annual income averages $2,600 a person, compared to $43,500 in the United States, according to a 2005 World Bank survey.
Why would you need to refine gas?