No Increase in Tire Prices

The Organization for Protection of Consumers and Producers has postponed a review of tire prices to the first month of the next fiscal year (starting March 21), according to the head of the Tire Industry Association.
"After holding a joint meeting of tire manufacturers with the Minister of Industries, Mining and Trade and explaining the situation in the industry, OPCP opposed an increase in the price of radial tires this year," Hamid Reza Abdolmaleki was also quoted as saying by Donya-e-Khodro.
After the meeting of two organizations, Deputy Minister of Industries, Mining and Trade Abbas Tabesh set April 3 as the deadline for submitting tire manufacturers' documents for OPCP to review.
The decision follows a proposal by car tire companies in the eighth fiscal month (Oct. 23-Nov. 21) to raise the prices of light and heavy vehicle tires.