UP

Rouhani: Gas price hike aimed to help lower-income families

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Rouhani: Gas price hike aimed to help lower-income families

“The government’s goal by the aid scheme is to help the middle-class and lower-income households,” President Rouhani said at a cabinet session on Sunday evening about his government's recently implemented fuel consumption management plan.

Axar.az informs that, the Iranian government increased the price of gasoline by 50% late on Wednesday but announced that 100% of the revenues from the increase in the price of gasoline would go to the people.

Speaking on the government's plan in a cabinet session on Sunday afternoon, Hassan Rouhani said that to help the low-income and middle-class families "we have no more than three ways; we must either increase taxes, export more oil, or decrease subsidies and return them back to those in need.”

According to the official website of the Iranian Presidency, the president added “our oil sales are facing restrictions, and if we did not face any limitations, oil money would not meet this kind of use. In the Iranian calender year of 1390, we had an income of $110 billion, but the conditions are different today.”

He also said "we cannot raise taxes too much, because in the current economic conditions of the society increasing taxes need to be balanced."

Date
2019.11.17 / 22:17
Author
Axar.az
See also

Kazakhstan Navy begins exercises in Caspian Sea

US sanctions 14 individuals, five entities over Iran links

Ukraine strikes Ozon logistics facility in Saratov - Video

Russian drone attack hits Kyiv, eight injured

UAE hopes Algeria’s diplomatic break will be temporary

Putin arrives in India for BRICS summit

Zelensky to meet Trump later this month

UAE to invest €40 billion in Germany

What happened on 9/11? A look back 25 years

Algeria closes airspace to UAE-registered aircraft

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla