Saturday , September 22 2018

Tag Archives: petrol price

‘Increase in fuel price not linked to rate of inflation’

KUWAIT CITY, May 16: High cost of fuel did not contribute to high inflation rate in Kuwait shortly after announcing the new prices of fuel in September 2016, reports Al-Nahar daily. According to official data, prices of consumables after the fuel hike increased by 0.999 percent (less than 1 percent) …

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Panel okays Tabtabaie’s proposal to cancel decision to hike fuel prices

Subsidies, salaries OK’d according to budget KUWAIT CITY, Feb 4: Parliament’s Financial and Economic Committee approved the proposal of MP Waleed Al-Tabtabaie to cancel the decision enforced in Sept 1, 2016 to increase the fuel prices, reports Aljarida daily. Rapporteur of the committee MP Saleh Al-Ashour said the National Assembly …

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Top official affirms no intention to ‘increase’ prices of gasoline

KNPC refining capacity reaches 736,000 barrels per day KUWAIT CITY, Jan 10: A top government official has affirmed that the government has no intention to increase the prices of gasoline in the coming period like Saudi Arabia, United Arab Emirates, Qatar and Oman, reports Al-Nahar daily. In response to questions …

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Fuel prices could rise 47% if panel nods KPC request

KUWAIT CITY, Oct 22: Kuwait Petroleum Corporation (KPC) has presented a request to the concerned committee to review all kinds of subsidies related to fuel for November 2017 based on recommendation to increase the prices by roughly 47 percent due to recent hike in the global fuel prices, reports Al-Qabas …

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Ruling in increase of fuel price by govt on Thursday

KUWAIT CITY, Sept 25: The Court of Cessation Monday decided to adjourn to next Thursday the ruling on the appeal filed against the government’s decision to increase the fuel prices. Earlier, the Court of Appeals had overturned the verdict issued by the lower court to suspend the Cabinet’s decision which …

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‘Hike in petrol prices fails to ease traffic congestion’

New short, long-term solutions needed’ KUWAIT CITY, Aug 31, (KUNA): The government decision one year ago to cut the subsidy for fuels, thereby raising their prices, was meant, in part, to ease the traffic congestion but the problem remains virtually the same. There must be other ways to tackle the …

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MP urges government to follow gasoline price cuts

KUWAIT CITY, July 8: “Some Gulf countries have reduced gasoline prices and we are waiting for Kuwait to take a similar step in order to restore the prices as they were a year ago,” says MP Waleed Al-Tabtabaei. In a press statement, Al-Tabtabaei disclosed the Sultanate of Oman and United …

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‘Stopping fuel price hike requires special law’

KUWAIT CITY, June 11: After several parliamentary appeals presented to the government for issuing necessary decrees over some urgent laws such as barring any increase in fuel prices, naturalization, and interests of social security loans, which the parliament was unable to discuss and endorse in the just concluded parliamentary term …

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Only govt can decide on petrol rates: court – Detention of IS-linked group extended

KUWAIT CITY, April 23: The Court of Appeals overturned the verdict of the First Instance Court which cancelled Ministerial Council Decision No. 32/2016 on the petrol price hike. The higher court then affirmed that the Cabinet has the authority to take such a decision. The court also rejected the appeal …

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Verdict on April 23 in fuel prices hike issue

KUWAIT CITY, April 19: The Court of Appeals has adjourned to April 23 the issuance of its verdict on the appeal filed by the government against the verdict of a lower court which had canceled the government’s decision to increase the fuel prices, based on a case filed by Lawyer …

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