Iran World’s Largest Energy Subsidy Provider in 2020

Iran remained the single largest provider of energy subsidies across the globe in 2020.
According to IRNA and based on data from the International Energy Agency, Iran paid $29.7 billion in energy subsidies last year to rank first globally, leaving behind China with $25.5 billion, India with $23.7 billion and Saudi Arabia with $10.9 billion.
Iran spent $69.2 billion and $48.66 billion on fossil energy consumption subsidies in 2018 and 2017 respectively.
In 2020, Iran’s subsidies for natural gas consumption reached $12.2 billion, fossil-fueled electricity $12.5 billion and oil $5 billion.