Details of the tire price liberalization decision;
The transfer of the authority to set the price to the tire manufacturers/ a 30% decrease in distribution production.
In an interview with IRNA, tire industry spokesman Mustafa announced that the authority to set the price was given to passenger tire manufacturers while maintaining the 17% profit ceiling and said: This decision is a key tool for curbing the black market and creating "operational courage" among factory managers.
In the first seven months of the year, the tire industry faced a decrease in production capacity of about 30%, the main reasons for which were due to special conditions, a sharp and unexpected increase in production costs, and mainly problems related to the transportation of raw materials and the supply chain.
Read the full text of this interview on the IRNA website