Iran introduces higher petrol price for major consumers

Iran has imposed higher prices at petrol stations for motorists who use more than 160 litres a month, state media reported on Tuesday.The decision comes amid pressure to scale back fuel subsidies in the country, which has the world’s cheapest petrol, as its economy reels from strains made worse by hefty international sanctions.From the middle of the Iranian month of Azar (December 6), there will be a third price tier for petrol, under a recent cabinet decision reported on Tuesday by state