The currency saw some relief after hovering close to the 84 mark for much of the week
The plan, aimed at reducing the lavish subsidies that keep petrol prices low, should be put off as the technology to enforce the rationing is not ready, the head of parliament’s energy commission, Kamal Daneshyar said according to local media.
“Based on the studies of our commission the ground is not ready to implement the rationing using smart cards, so we have to give another chance to the government,” said Daneshyar.
“We have received reports that the devices for reading the smart cardsbreak down quickly and some pumps end up working backwards. This means that instead of pumping petrol they suck up the petrol from the vehicles,” he added.
“Therefore until these problems are addressed, the rationing project has to be postponed until around end of September,” he concluded.
The lavish consumption by Iranian drivers, encouraged by the subsidised prices that work out less than a comparable amount of minera.
The currency saw some relief after hovering close to the 84 mark for much of the week
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