Economy, Business And Markets

Potential Rail Fare Rise "Unlawful"

Potential Rail Fare Rise "Unlawful"Potential Rail Fare Rise "Unlawful"

An official with the Consumers and Producers Rights Protection Organization announced as "illegal" any potential rise in rail fares and said the move has not passed through the procedure prescribed by the organization and Market Adjustment Working Group.

"According to the law, rail transportation services are subject to pricing and the companies must get the go-ahead from the organization before raising their ticket prices by no more than 6%," Vahid Manaei added.

"Railroad companies’ failure to comply with regulations carries punishment."

Earlier this week, Mohammad Rashedi, the deputy head of Islamic Republic of Iran Railways, announced that rail fares were to increase by 8% on average as of December 16, Mehr News Agency reported.