Latest News
- Fishermen's Makeshift Houses Ordered To Be Removed By Kuwait
- Kuwait Cracks Down On Bachelors
- Non-oil Exports Of Kuwait Reached 106 Million Dinars In January,...
- Kuwait Joins The Global Celebration Of World Press Freedom Day
- Kuwaitis In UAE Advised To Exercise Caution Amid Unstable Weathe...
- MEW Has No Plans For Power Cuts And Is Ready To Tackle The Summe...
- Allow Employees To Transfer If Their Monthly Dues Are Not Paid
- Appeal Court Upholds Death Ruling In Friend’s Kill
- Pakistani Expat Died In A Tragic Accident
- The Hourly Domestic Workers Service Is A New Scam
- Kuwait Will Experience Moderately Hot Weather Over The Weekend
- No Additional Side Effects Found Of COVID-19 Vaccines In Kuwait
10 Fils Per Liter Increase In Ultra 98
The Oula Fuel Company stated that the committee to re-examine the various types of subsidies affiliated to the Ministry of Finance has decided to amend the price of a liter of gasoline (Ultra/98 octane) from 165 fils per litter to 175 fils from July 7 to September 30, 2021, instead of the previous price.
Currently prices are following:
Ultra 98 – 175 Fils/L (the price change in 2021)
Unleaded Super 95 – 105 Fils/L
Unleaded Premium 91 – 85 Fils/L
Diesel – 115 Fils/L
Kerosene – 115 Fils/L
 An official oil source in the Kuwait National Petroleum Company stated that the consumption of ultra-98 octane (gasoline) is lesser compared to the daily consumption of special and premium gasoline. On a daily basis Kuwait’s consumption of Ultra gasoline ranges between 78,000 and 173,000 thousand liters per day which is very small compared to other types of fuel, reports Al Anba. Total consumption of petrol in the country is 12-13 million liters per day, consumption of Unleaded Premium 91 reaches 8.5 million litters and Unleaded Super 95 reaches 4 million liters per day.Â
 The shift in consumption patterns changed from August 2016 after the cabinet decision to raise gasoline prices in Kuwait, as gasoline consumption changed from Unleaded Super 95 to Unleaded Premium 91 due to the price discrepancy between producers. There is a small segment using luxury cars or for racing purposes, after this increase in prices of Ultra 98 for these coming three months a decrease in consumption is expected.
Â
Â
SOURCEÂ ARABTIMES
Trending News
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Ministry Announces Separate Time For Amnesty Seeke...
21 April 2024
-
The Ministry Connects With Violators Of Residency...
23 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
Work Permits Will Be Issued For One Year Under The...
27 April 2024
-
AstraZeneca Admits Covid Vaccine Can Cause Rare Si...
29 April 2024
-
3 Expats Caught In Salmiya With 213 Bottles Of Loc...
23 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
-
Al-Nuer Festival Celebrates Kuwaiti Agriculture Wi...
22 April 2024
-
Peak-time 'cut-offs' Raise Fears Of An Electricity...
22 April 2024
Comments Post Comment