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Iran doubles petrol price for heavy users

Published : Monday, 7 September, 2026 at 1:24 PM

Observer online report

Iran will double the price of petrol for heavy users from September 8, as the country faces intensifying US economic pressure and a sharp decline in the value of its currency.

Iranian government spokesperson Fatemeh Mohajerani announced the decision on Sunday, saying the price for the third tier of the country’s fuel quota system would rise from 5,000 to 10,000 tomans per litre.

Under the system, consumers can buy their first 60 litres each month at 1,500 tomans per litre and the next 50 litres at 3,000 tomans. The higher rate will apply to consumption beyond 110 litres a month, while the first two tiers will remain unchanged.

One toman is equivalent to 10 Iranian rials.

Iran, one of the world’s major oil producers, has long subsidised petrol heavily, keeping fuel prices among the lowest in the world. As a result, changes to fuel prices are politically sensitive.

The latest increase comes as Iran’s currency continues to weaken. The rial was trading at more than 2.2 million to the US dollar on the black market on Sunday, according to websites tracking exchange rates.

The move also comes amid intensified US economic pressure on Tehran. US Treasury Secretary Scott Bessent has outlined plans aimed at what he described as the “economic asphyxiation” of Iran, as Washington seeks to use financial pressure to force an end to the war.

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Editor : Iqbal Sobhan Chowdhury

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