Latest News
- Court Sentences Bank Employee To 5 Years For Embezzling 100,000...
- Fake ‘Sheikh’ Sentenced To 2-yr As Court Overturns Verdict
- Justice Ministry New Service On The Sahel App
- Ministry Probes 68 Cases Of Illegal Charity, Funds Collection
- Globally, Kuwait Is Among The Top Consumers Of Incense And Oud O...
- Decrease Seen In Foreign Investment
- Kuwait Customs Seized 2 Containers Laden With Tobacco At Shuwaik...
- Unpaid Salaries, Accountant Beaten Up By Workers
- The Sahel App Was Not Hacked, A Spokesman Claims
- Four Expats Arrested For Stealing Copper Cables Worth 60,000 Din...
- Indian National Died In Abdalli Car Accident
- Work Permits And Foreign Worker Transfers Are Amended By PAM
No Plans To Raise Fuel Prices Again
Kuwait has no plans to hike fuel prices again, local media Kuwait Times reported quoting government official. A governmental subsidies committee has not discussed increasing fuel prices as it continues to monitor oil market developments and discuss the best ways to deal with changes, daily reported quoting the official who spoke on the condition of anonymity.Â
The report also added that the Cabinet reviewed the decisions made in four Gulf Cooperation Council (GCC) states to increase fuel prices, but did not take similar steps. Reports were made by relevant oil officials about the reasons behind the price hikes in UAE, Qatar, Oman and Saudi Arabia, which came after implementing value added tax (VAT) in UAE and Saudi Arabia, noting that the increase was the second in the UAE and Oman, and the fourth in Qatar since four Arab states boycotted it seven months back.Â
;
Notably, fuel prices have gone up by 127 percent in Saudi Arabia and 3.9-4.2 percent in the UAE following a 20 percent increase in 2017. Oman increased fuel prices by 2-7 percent and Qatar increased it by 2.8-3 percent. The last time Kuwait raised fuel prices was in September 2016.
SOURCE : IIK
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
On Sunday, The Meteorological Department Warns Of...
07 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Winners Of Kuwait National Assembly 2024 Elections
06 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
Comments Post Comment