Iran: Increasing Fuel Prices No Real Solution

So long as people's purchasing power does not improve,  increasing energy prices will not help, a professor of economics at Alzahra University said.
"Under the current conditions that the spending power of households is being eroded by rising living costs, raising fuel prices will exacerbate poverty," Hossein Raghfar told the labor news agency ILNA.
Living costs (in the last two years) have soared five times due to massive volatility in the currency market, he added, stressing that increasing gasoline prices in Iran's oil-based economy will definitely widen the gap between the haves and the have nots.