Core Viewpoint - The Iranian government plans to implement a new gasoline pricing scheme starting in late December 2025, aimed at reducing the financial burden of gasoline subsidies and controlling excessive consumption [1] Pricing Structure - The new third-tier gasoline price will be set at 50,000 rials per liter, which is 10% of the refinery's ex-factory price and subject to adjustments [1] - The first-tier gasoline price remains at 15,000 rials per liter for a monthly quota of 60 liters, while the second-tier price is set at 30,000 rials per liter for a monthly quota of 100 liters [1] Policy Objectives - The primary goal of this policy is to alleviate the long-term pressure of high gasoline subsidies on the government, control excessive consumption, and combat smuggling [1] - Certain vehicles, including domestic new cars, government vehicles (excluding ambulances), free zone vehicles, and imported cars, will no longer receive subsidized quotas and will pay the third-tier price [1]