Tehran has announced an increase of 50% regarding the cost of gas; Economic sanctions from the United States recognized as the primary purpose behind this increase; The International Monetary Fund (IMF) believes Iran’s economy will decline as much as 9% this year.
Around midnight on Thursday, Tehran made a significant statement as they announced an increase in the cost of gas by approximately 50%-delivering a huge blow to the Iranian citizen. The driving force behind this announcement is believed to be the sanctions placed on Iran by the Trump administration over the last 18 months.
To give you a better idea as to the cost increase, Tehran explained that each motorist can now buy 60 liters of petrol at the cost of 15,000 Iranian Rials ($0.45 per liter), which is 50% more than before. Additionally, they can buy extra fuel, but the cost would be 30,000 Rials ($0.90 per liter)-a 100% increase! The International Monetary Fund (IMF) believes Iran’s economy will decline by as much as 9% in 2019.
Tehran believes that this hike in fuel prices will allow for them to provide overhead for civil-servants and other basic costs. Iranian VP of Budget Affairs, Mohammad Reza Nobakht, in his attempt to keep the people of Iran at ease and downplay the effect this is going to have throughout the country, stated that approximately 60 million of the 82 million population would receive occasional bonuses from their employers to offset the rise in fuel costs. He stated “The president insists that all extra income should be paid back to the people.”
Make no mistake, Iran is the number one sponsor of terror in the world. The sanctions being implemented by the US are beyond necessary in order to slow down this regime of terror. The true victim in all of this is the average Iranian, as the leadership of Iran refuses to give up their extremist ideology.