RealNews

Iraq Fuel Price Hike Sparks Protests

Violent demonstrations broke out across Iraq and the oil minister threatened to resign Monday after the government raised the prices of gasoline and cooking fuel by up to nine times. The Cabinet raised the prices of gasoline, diesel, kerosene and cooking gas on Sunday to curb a growing black market, Oil Ministry spokesman Assem Jihad said. The price of a liter of imported and super gasoline was raised to 17 cents, which is a fivefold increase from previous prices. There are about 3.8 liters in a gallon, meaning the new price is about 65 cents a gallon. Full Story

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