Tuesday, June 2, 2015

Oil subsidies were always a bad idea.. now comes the pain of ending them

Iran’s taxi drivers reel from end to fuel subsidies - FT.com: "Ending the flow of cheap fuel to its citizens is just one of many economic reforms that the centrist government of president Hassan Rouhani is struggling to push through. Earlier this year bread subsidies were reduced and they are scheduled to be scrapped by year-end. The price of one loaf of sangak — a popular traditional bread — has almost tripled, which bakers say has led to decline in consumption."

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