Aden government imposes new price dose on oil derivatives

TAIZ, July 01 (YPA) – Aden government, backed by the coalition forces, imposed on Tuesday a new price dose on diesel in provinces of Taiz and Hadramout, which was met with widespread local condemnation.

The price increase approved by the Aden-run oil company for commercial diesel sold in the cities of Mukalla and Seiyun of the oil-rich Hadramout amounted to 150 riyals per liter, an increase of 3,000 riyals per 20-liter gallon, which equals $12.38.

Meanwhile, the price of commercial diesel in coalition-controlled areas of Taiz has increased by 125 riyals per liter, an increase of 2,500 riyals per 20-liter gallon.

The new price dose did not target the city of Marib, which is under Islah Party control, where a 20-liter gallon of commercial diesel sold by 26,000 riyals, which equals $107.33, and in Aden city for 34,000 riyals.

The coalition-held areas are being experienced an unprecedented collapse in services and living conditions due to the local currency losing its purchasing power against the US dollar, which is trading at nearly 2,800 riyals. There are no economic measures to mitigate the riyal’s decline.

AA