Iran Largest Fuel Subsidizer for Third Consecutive Year

Iran was the largest fossil fuel subsidizer for the third year in a row in 2019, according to the International Energy Agency. 
Having spent $86.09 billion on fossil energy consumption subsidies in 2019, Iran ranked first globally, leaving behind China with $30.48 billion and Saudi Arabia with $28.72 billion. 
The volume of Iranian fuel subsidies extended to its citizens in 2019, which increased 10.9% year-on-year, equals 18.8% of Iran’s GDP. 
Iran’s average subsidization rate of fossil fuels (as a proportion of the full cost of supply) was 79%. The country paid $1,038 as fossil fuel subsidies per person in 2019.