Protests erupted across Iran in recent days after an abrupt decision by authorities to hike petrol prices as part of efforts to blunt the effects of crippling US sanctions on the country’s economy.

The move, announced at midnight on November 15, saw the rollout of a rationing scheme and slashing of subsidies, sending prices soaring by at least 50 percent.

The changes are aimed at raising funds for cash handouts to Iran’s poorest citizens, but many Iranians already grappling with rising inflation were quick to protest against the new policy.

To bring you up to date, here is what you need to know.

What was decided?
The plan was agreed by the Supreme Council of Economic Coordination, which is made up of President Hassan Rouhani, judiciary chief Ebrahim Raisi and Speaker of Parliament Ali Larijani.

The body decided that vehicles for private use would be restricted to 60 litres (16gal) of fuel monthly, while the price of petrol would jump 50 percent to 15,000 Iranian rials ($0.13 at open market rates) per litre. Any fuel purchases in excess of allotted rations will incur an additional charge of 30,000 rials ($0.26) per litre.

Despite the move, petrol remains cheaper in Iran – home to the world’s fourth-largest crude oil reserves – than almost anywhere else in the world. But while a price hike was somewhat expected, many on social media pointed out that average incomes are too low to comfortably absorb the steep hike.

What was the reaction?
The snap move sparked demonstrations in cities and towns across Iran, with drivers abandoning vehicles on highways and protesters blocking roads.

An estimated 87,000 people took part in the protests, according to security officials quoted by the semi-official Fars news agency.

Dozens of banks and stores were set on fire or damaged in violence surrounding the protests and about 1,000 arrests were made. At least two people, including one police officer, were killed.

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