Government

Iran Petrol Prices Up 75% in Hours

A severe oil price hike was triggered in Iran by President Rouhani's decision to cut petrol subsisides, in a desperate attempt to address long-standing economic issues.

Subsidized fuel (available to each driver in limited quantities) thus rose from USD 0.16 to USD 0.28 per liter, according to Al Jazeera English.

Lagarde, Merkel to meet in Washington on May 2 for talks on eurozone, Greece


International Monetary Fund chief Christine Lagarde is to meet with German Chancellor Angela Merkel on May 2 in Washington for talks expected to focus on the broader economic situation in the eurozone in general and to touch on the Greek economy and on the prospects for a launch of talks on lightening Greece's debt burden.

Pages