Iran has imposed rationing and hiked fuel prices as the economy continues to suffer under U.S. sanctions.

Axar.az reports that Iranian authorities have imposed rationing on gasoline purchases and have increased the price of fuel substantially as the economy continues to be hit by U.S. financial sanctions.

The National Petroleum Products Distribution Company on November 14 said a 60-liter monthly limit of gasoline will be set on every private automobile and that prices will go up to about 12.7 cents a liter from nine cents.