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Petrol price may increase by 20-25 fils per liter

Tuesday, April 16, 2024
Petrol price may increase by 20-25 fils per liter

The Ministry of Finance submitted a proposal to the Council of Ministers to reduce the percentage of subsidies provided by the state for all petroleum products, including gasoline. According to Al Rai daily, the government did not take a decision yet and the proposal is under discussion and study in the Ministerial Committee for Economic Affairs.

According to report, the proposal suggest to re-examine the various types of subsidies provided by the state and the price of gasoline included in the plan will be raised by a maximum of 25 percent.

Accordingly, the price of a liter of Premium 91 gasoline will be increased by 20 fils, from its current price of 85 fils per liter to 105 fils. According to report, this increase will give a targeted saving of about 6.2 million dinars, based on the average consumption of last year.

The proposal also includes increasing the price of a liter of Super 95 gasoline by 25 fils, rising from 105 fils to 130 fils, which will achieve a targeted saving for the public treasury of about 4.5 million a year.


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Express your comment on this article

 
Malik bhaai
Thursday, April 18, 2024
Only 200% will bring our economic phase to the boom with absense of interest and tax in the economy, i think it is a good moving in my experience as senior finance manager

mohammed
Thursday, April 18, 2024
@indians in kuwait team please verify before you publish such news:

Gov’t refutes fuel price hike rumors

https://www.arabtimesonline.com/news/kuwait-government-clarifies-no-decision-made-on-fuel-price-increase/

Lal Thomas varughese
Tuesday, April 16, 2024
Increasing the petrol price will effect the increase of commodities. It will effect all peoples of living .

Syed
Tuesday, April 16, 2024
Good.
Now Useless roamers will avoid roaming.
Hence reduce traffic. Same like Saudi.
There petrol price is double than here.

Me
Tuesday, April 16, 2024
Still it will be cheaper than other GCC countries. Thanks to Kuwait Government for taking care of us.

thala
Tuesday, April 16, 2024
if raised this price, sure all basic commodities raised 50%.
already most of items demand and hike

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