Advertisement

IRAN: A daily balancing act as energy subsidies are removed

Share

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Ordinary Iranians just trying to make ends meet had to contend with sharply increased costs for fuel and other goods this week.

Authorities removed decades-old subsidies as part of an attempt to reduce the government’s budget in the face of hard-hitting sanctions over Iran’s nuclear program.

Advertisement

The removal of the subsidies has increased prices for a range of goods -- diesel as well as bread -- and is expected to jack up shipping costs for virtually everything else.

Authorities describe the plan as an attempt to remove subsidies that benefit Iranians of all economic classes and redirect money toward those who really need help.

The plan may work eventually, but for now it has created economic uncertainty among the middle and working classes.

-- Los Angeles Times

Advertisement