Rhein on Energy and Climate

Archives for oil price subsidies

Like most oil and gas producing countries Iran has been spoiling its citizens by ridiculously low prices for gasoline, fuel, gas and electricity, at a hefty charge for the national budget. The subsidies, including those for food, telephone and transport services, cost the government almost € 70 billion annually. Read also: Sanctions Are A Toothless… » read more

Posted by Eberhard Rhein