Kay Armin Serjoie and Thomas Erdbrink
December 19, 2010
TEHRAN – Police patrolled the streets of Tehran and other cities as Iran on Sunday started a politically sensitive overhaul of the way state subsidies are handed out.
Gasoline prices were hiked overnight by nearly 60 percent, but most Iranians were allocated a small amount of fuel at severely reduced prices for the coming month in order to soften the price shock.
New, increased prices of products such as bread, heating oil, water and other utilities were expected to be announced on Sunday, officials told state media.
This article was posted: Sunday, December 19, 2010 at 10:13 am