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Kuwait raises fuel prices
Kuwait, Economics, 8/12/1999
The Kuwaiti daily al-Rai al-Am said that the Kuwaiti Cabinet has approved a recommendation by the higher council for oil on increasing prices of fuels in Kuwait. Well-informed sources told al-Rai al-Am that the recommendation approved by the Cabinet in its Sunday's session will be valid as from Wednesday Yesterday) at a rate ranges between 30 to 40 percent, noting that the fuel stations started to programming their pumps according to the new prices. The sources explained that the increase in the fuel price will cover Benzene, diesel, gas and gas cylinders.
The sources said that the increase in fuel prices will be followed by other measures to raise the fees of several services in order to correct the economic march in the country.
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