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Iran's November Gas Price Hike Fails to Ease Fuel Smuggling to Pakistan

Michael Lipin

   Iran's Islamist rulers, who sparked deadly domestic unrest by raising
   gas prices in November, say their controversial move also has failed to
   ease fuel smuggling into neighboring countries such as Pakistan,
   largely because smugglers have shifted to diesel fuel from gasoline.

   Iranian authorities tripled the unsubsidized price of gasoline Nov. 15
   from 7 to 21 cents per liter, based on Iran's latest unofficial
   rial/dollar exchange rate of 139,700 published by Bonbast.com.

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