Iran: New Car Prices in Sight

Authorities are set to ratify new car prices for models costing under 450 million rials ($10,700) in the early days of June.
Head of the Competition Council Reza Shiva said on Tuesday that the authority will receive information on all factors constituting the price of vehicles and work out the new fees before June 5, reported the Persian economic daily Donya-e-Eqtesad.
Central Bank of Iran is to communicate the sectoral inflation rates of the year which ended in March 2018 to the council, which they will subsequently factor in to determine the prices.
The Competition Council is a state body that keeps an eye on many domestic products, including cars, and sets prices for some goods including vehicles costing 450 million rials or lower.