UAE’s “Al-Muthalath Al-Sharqi” company continues to strangle Socotra’s people

SOCOTRA, Aug. 05 (YPA) – The UAE’s “Al-Muthalath Al-Sharqi” company has refused to reduce the prices of petroleum products and domestic gas in Yemen’s Socotra archipelago province, located east of the Gulf of Aden.

Media sources reported that the company refused to reduce the prices of these products, despite the decline in foreign currency exchange rates in other areas.

The sources confirmed that this move contributes to the continued suffering of citizens and increases their economic burdens, noting that the company is still selling a 20-liter gallon of gasoline for 55,000 Yemeni riyals, a large gas cylinder for 68,000 riyals, and a small cylinder for 34,000 riyals.

The Emirati company’s position in Socotra poses a clear challenge to the government loyal to the Saudi-led coalition based in Ma’ashiq Palace in the interim capital, Aden, which claims to be the legitimate authority over the archipelago, the sources added.

The sources stressed the need for urgent steps to end the company’s pressure on the people of Socotra and called for the return of official institutions to the island to ease the burden on citizens.

YPA