Wednesday, March 15, 2006

Iran faces petrol dilemma

Iran's finance minister says the country faces a tough choice between rationing petrol from 21 March or raising the price of heavily subsidised petrol imports later this year.

Iran's conservative government, which draws its support from the poor who regard cheap petrol as a right, proposed spending $4 billion on petrol imports in the budget for the 12 months to 20 March 2007.

( Full story here )

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