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English news

25-Feb-2016

National Assembly and Kuwait government meet to discuss subsidy cuts

The National Assembly and the government yesterday held another round of discussions over plans to cut subsidies on electricity and fuel as part of an economic reform package. The Head of economic affairs committee MP Faisal Al-Shaye said that the government proposed to raise the prices of petrol between 42% to 83%. Under the proposal, low-grade petrol will be raised from 60 fils to 85 fils per liter, high-grade petrol from 65 fils to 105 fils a liter and ultra-grade petrol from 90 fils to 165 fils a liter. A meeting will be held on Sunday for the government to provide details about the way it wants to raise electricity, water and petrol prices. (Kuwait Times)

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