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Iran’s 2024 fiscal year budget reflects an increase in energy prices, as revealed by an Iranian parliament member. The Oil Minister Javad Owji denounced such accusations, yet Iranians fear deferred price hikes due to politically supported fuel rationing. Iran is challenged with gasoline shortages and highly subsidized gas rates compared to other energy giants. Changes in energy policy may lead to nationwide protests similar to the events in November 2019. 

Iranian MP Reveals Approval For Risky Energy Price Increase

Iran’s 2024 fiscal year budget reflects an increase in energy prices, as revealed by an Iranian parliament member. The Oil Minister Javad Owji denounced such accusations, yet Iranians fear deferred price hikes due to politically supported fuel rationing. Iran is challenged with gasoline shortages and highly subsidized gas rates compared to other energy giants. Changes in energy policy may lead to nationwide protests similar to the events in November 2019. 

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