Aden gov’t imposes new dose on sale of oil derivatives

ADEN, June 28 (YPA) – The coalition-formed government of Aden, south of Yemen, imposed a new dose on the sale of oil derivatives in the city of Aden.

Local sources in the city said that the oil company raised 28,000 riyals for the price of a 20-liter gallon of gasoline.

The sources attributed the increase in the prices of fuel sold to citizens due to the rise in the value of the dollar, whose price exceeded 1,850 riyals in Aden and the rest of the southern provinces, came after the Aden-based Central Bank announced the transfer of Yemeni banks from Sanaa.

The sources indicated that raising fuel prices would negatively affect various prices, including goods and transportation, doubling the living suffering of citizens.

The coalition-formed government has failed to undertake economic reforms with the goal of limiting the continued collapse of the local currency against foreign currencies.

Economic observers believe that imposing the price dose by the Aden government on oil derivatives was a miserable attempt to escape economic collapse.

AA