Yemeni government reduces fuel price

Yemeni cabinet approved to reduce the selling prices of fuel in the domestic market 25 rials per liter.
The cabinet agreed to amend its decision No. 143 for the year 2014 on correcting the prices of oil derivatives through reviewing ways of buying the oil derivatives from the global markets so as to improve prices, including entering into long purchase contracts between six months to a year, as well as reviewing the cost added to the international price, according to a statement issued by government source carried by Yemen News Agency (SABA).
The selling prices of petrol and diesel in the domestic markets will become 175 rials per liter of petrol and 170 rials per liter of diesel.