Iran Hikes Gasoline Prices For The First Time Since 2019

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Iran has increased gasoline prices for the first time since 2019, with a tiered pricing system that varies based on consumption levels, amidst economic pressures and environmental disasters.

Market Impact

Market impact analysis based on bearish sentiment with 63% confidence.

Sentiment
Bearish
AI Confidence
63%

Article Context

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The Islamic Republic of Iran has announced a fuel price hike for the first time since 2019, with the increase coming at a time when the authorities are struggling with economic pressures and environmental disasters. The new pricing system, which took effect at midnight on December 13, will see motorists pay 15,000 rials per litre (~4.7 U.S. cents per gallon) for the first 60 liters consumed in a month; 30,000 rials a litre (~9.4 cents per gallon) for the next 100 liters and 50,000 rials per litre (~15.7 cents per gallon) for anything beyond…

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Original article published by OilPrice.com on December 16, 2025.
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