Iran's low gasoline prices explained

Iran sells gasoline at approximately 2 to 5 rupees per liter. This is significantly lower than India's prices. The primary reason for Iran's low fuel cost is its status as a major oil producer, reducing reliance on imports. Additionally, the Iranian government provides substantial fuel subsidies, absorbing costs to offer low prices to citizens. In contrast, India imports about 80% of its oil, leading to higher prices influenced by global rates, shipping, and currency exchange. India also imposes significant taxes on fuel, unlike Iran's minimal tax structure.