Spike in Natural Gas Tariffs

The Oil Ministry’s proposal to hike natural gas tariffs in the household sector has been ratified by the Cabinet, based on which the vital commodity’ price will rise on average by 40%, a spokesman for the National Iranian Gas Company said.
“The new rates will go into effect on Nov. 27,” the Oil Ministry’s news portal also quoted Mohammad Asgari as saying on Friday.
“Heavy consumers, who use more than 500 cubic meters of gas per month, will also be levied heavy fines,” he added, but did not elaborate.