Coalition paralyzes movement in southern provinces, plunges them into suffocating fuel crisis

ADEN, Dec. 7 (YPA) – The oil company, which is under control  the UAE-backed Southern Transitional Council (STC)’s  militias in the southern port city of Aden closed all its stations in the city.

Local sources said the suspension the work of the stations came after the production of fuel for sale from the local market.

The sources indicated that the Aden Central Bank refuses to conduct a banking operation for importers of petroleum derivatives, which exacerbated the crisis of oil derivatives and revived it on the black market.

It is noteworthy that the signs of the crisis began to loom yesterday in the provinces controlled by “STC”, Aden, Lahj and Socotra, Abyan provinces where the price of a gallon 20 liters for more than 9 thousand riyals.

Economic observers attributed the sudden crisis in the occupied provinces to the deterioration of the riyal against foreign currencies in those areas, suggesting that the “STC” will go to impose a new price dose on oil derivatives.

Observers said the measures came after the failure of reforms by Hadi’s government, which continues to flood the domestic market with billions of rials of illegal currency that it printed in Russia without cash cover.

E.M