Hacker News new | ask | show | jobs
by Richard_East 2412 days ago
They spend a fortune on subsidises:

https://en.wikipedia.org/wiki/Iranian_subsidy_reform_plan

15% of GDP!

Totally sensible to wind this back and allow prices to operate under normal market conditions.

17% of this subsidised fuel is smuggled out of the country anyway.
1 comments
MrMorden 2412 days ago
The only surprise here would be that only 17% of the fuel is smuggled, but there's no way in hell it's that low. Perhaps 17% is smuggled by non-IRGC-connected entities.
link