Iran raises gasoline to 100,000 riyals per liter

The Iranian government has announced that the price of gasoline will be doubled for the third consumption bracket, reaching 100,000 rials per liter starting September 8, 2026, up from the previous 50,000 rials. This decision comes amid an economic crisis weighing heavily on the country, where the subsidized gasoline price remains at 15,000 rials per liter, with consumers receiving 110 liters monthly at a reduced rate. Economic pressures on Iran are intensifying due to the escalation of US sanctions targeting the energy and financial sectors, as well as a partial halt in oil shipments through the Strait of Hormuz, which increases the cost of conducting economic dealings with the country.

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