Tuesday , December 12 2017

Tag Archives: petrol price

Speaker Al-Ghanim seeks rethink on fuel

 KUWAIT CITY, Aug 3: The National Assembly is determined to be fully responsible in facing economic challenges without hurting the citizens, Assembly Speaker Marzouk Ali Al-Ghanim said Wednesday, referring to what the Parliament faced in the past and the recent decision of the government to increase gasoline prices. Citing the …

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Fuel price hike to ‘affect’ economic situation, standard of living: experts

KUWAIT CITY, Aug 3: For the second consecutive day, the topic of speculation in Kuwait has been the government’s decision to increase the fuel prices, with predications being made about the possible implementation of the decision in the month of November instead of September, reports Al-Qabas daily. Ministry of Commerce …

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Increase in fuel prices forecloses need for loan

IT IS impossible for any country, especially a country like Kuwait, to make profit if it continues to subsidize majority of goods and services in a difficult economic situation and oil prices are extremely low, considering this is the foundation of the economy. Under such circumstances, the fiscal reserve will …

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Experts hail, MPs hit fuel price rise – ‘Decision hasty’

KUWAIT CITY, Aug 2: The National Assembly discussed Tuesday the government’s decision to increase the prices of different types of gasoline. The 14 lawmakers, who attended the meeting, expressed displeasure over the government for not consulting them before taking such a decision. Speaking to reporters after the meeting, Deputy Speaker …

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Kuwait raises petrol prices by over 80% – ‘Rationalization’

KUWAIT CITY, Aug 1, (Agencies): The Kuwaiti Cabinet Monday decided to raise petrol prices by more than 80 percent from Sept 1 as part of economic reforms aimed at countering falling oil revenues. The Cabinet endorsed on Monday a plan to “start rationalizing fuel subsidies where the prices will be …

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‘Petrol price hike’ – Govt carries out study on the average impact

KUWAIT CITY, Feb 5: The government has carried out a study on the average impact of the increased petrol prices on the monthly bill of the citizens. According to this study, the average cost for per capita fuel usage is now at KD 30 per month which will increase to …

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KUWAIT CITY, Dec 23: Several lawmakers have criticized the government’s plan to lift subsidies on several key commodities and services as part of its austerity measures, while stressing the need to find alternative sources of income rather than implementing this plan which will negatively affect the living conditions of citizens. …

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Subsidy cuts on petrol to hurt citizens, expats – Smart ID holders to benefit

KUWAIT CITY, Dec 13: Subsequent to announcement by the Ministry of Finance few days ago, which confirmed that government will first lift subsidy from petrol and gradually include other commodities, government sources have said the system of preserving subsidy on petrol will be applied through civil ID to guarantee the …

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Kuwait considers petrol price increase of up to 90%: report

KUWAIT CITY, Oct 28: The Kuwaiti government has formed a special committee to study the possibility of increasing petrol prices by 70 percent to 90 percent, according to a report by Arab News. The price increase will come as a consequence of a gradual reduction of government subsidies on petrol …

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