Aden’s Petroleum Company announces new rise in fuel prices

ADEN, March 22 (YPA) – The Petroleum Company in the port city of Aden, southern Yemen, on Monday announced a new rise in the prices of oil derivatives.

On Sunday evening, the company decided to raise the price of a petrol gallon of 20 liters from 8,000 riyals to 10,000 riyals, by an increase of 20 percent, and the company also set the price of a diesel gallon of 20 liters at 10,400 riyals.

The increase in the price of oil derivatives in Aden comes as a result of the deterioration of the illegal local currency against foreign currencies, after Hadi’s government plundered nearly half a billion dollars from the Saudi deposit last year, according to a report by the United Nations.

“Hadi’s government” loyal to Saudi-led coalition imposes customs duties and taxes on importing oil derivatives, which has doubled the suffering of citizens and led to the collapse of various services, including electricity, in Aden.

YPA