Iran has introduced quotas for the retail sale of petrol and increased its prices, which will go into effect on Friday, the National Iranian Oil Products Distribution Company said in a statement.

The move envisages that owners of private cars will be able to purchase 60 litres (13.2 gallons) of the product per month, while owners of dual-fuel cars will be able to purchase 30 litres.

A separate quota is also provided for taxi drivers who can use 400 litres of petrol.

A quota for motorcyclists is set at 25 litres, and there are also quotas for trucks and ambulances, according to the company.

At the same time, the price for a litre of petrol within the quota doubled to 15,000 Iranian rials per litre, (about $0.36).

Each additional litre of petrol beyond the quota costs 30,000 rials per litre.

In February, Iranian Oil Minister Bijan Zangeneh said that Iran’s petrol production had grown more than 100 per cent since 2013.

He added that the country could have even become a petrol exporter, but was currently accumulating reserves of the product.